54034240 is the designated HSN classification for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.

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

For Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex classified under HSN Code 54034240, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Man-Made Filaments; Strip And under Chapter 54.

Every entity transacting in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex must quote HSN Code 54034240 on invoices. This includes traders, distributors, and e-commerce sellers operating under Man-Made Filaments; Strip And. Chapter 54 mandates this classification for accurate tax computation across the supply chain.

Starting a business involving Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex? GST registration is mandatory for collecting and remitting taxes on HSN 54034240 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.

Correct HSN Code 54034240 application for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled :Of Cellulose Acetate :Acetate Rayon Filament Yarn, 167 Decitex ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 54 – Man-Made Filaments; Strip And through official notifications for continuous compliance.