Chapter 54 of the GST framework covers Man-Made Filaments; Strip And, and HSN Code 54026940 specifically identifies Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is kg..

Below are related HSN codes from Chapter 54 – Man-Made Filaments; Strip And for your reference:

Goods classified as Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn under HSN 54026940 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.

Any business engaged in supplying Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn must apply HSN 54026940 on invoices. The Man-Made Filaments; Strip And category under Chapter 54 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Starting a business involving Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn? GST registration is mandatory for collecting and remitting taxes on HSN 54026940 goods. Companies planning international trade within Man-Made Filaments; Strip And must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.

Proper use of HSN Code 54026940 for Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including Synthetic Monofilament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Other :Acrylic Filament Yarn streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 54 – Man-Made Filaments; Strip And through government circulars to ensure uninterrupted compliance.