54041910 is the designated HSN classification for Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9%, SGST/UTGST at 9% for local transactions, and IGST at 18% for interstate supplies. Quantities are measured in kg. for billing purposes.

HSN Codes under Chapter 54 – Man-Made Filaments; Strip And

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

Chapter HSN Code Description CGST SGST/UTGST IGST
Man-Made Filaments; Strip And... 54011000 Sewing Thread Of Man-Made Filaments, Whether Or No... 0.06 0.06 0.12
Man-Made Filaments; Strip And... 54012000 Sewing Thread Of Man-Made Filaments, Whether Or No... 0.06 0.06 0.12
Man-Made Filaments; Strip And... 54021010 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021090 Synthetic Filament Yarn (Other Than Sewing Thread)... 0.09 0.09 0.18
Man-Made Filaments; Strip And... 54021100 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021110 High Tenacity Yarn Of Nylon Or Other Polyamides 0.09 0.09 0.18
Man-Made Filaments; Strip And... 54021910 Other High Tenacity Yarn Of Nylon Or Other Polyami... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021920 Nylon 66 Filament Yarn Confirming To Is 13464 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021990 Other High Tenacity Yarn Of Nylon Or Other Polyami... 0.09 0.09 0.18
Man-Made Filaments; Strip And... 54022010 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%

GST Rates for HSN 54041910

Goods classified as Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn under HSN 54041910 are taxed based on transaction type. Local sales attract CGST at 9% plus SGST/UTGST at 9%. For supplies crossing state boundaries, IGST at 18% applies. Documentation must reflect kg. as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.

Who Should Use HSN Code 54041910?

Traders, manufacturers, and importers of Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn are required to mention HSN Code 54041910 on all GST documents. This Man-Made Filaments; Strip And classification under Chapter 54 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Entering the Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn market requires essential registrations. GST registration enables legal tax collection on HSN 54041910 goods. For cross-border trade in Man-Made Filaments; Strip And items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Using HSN Code 54041910 accurately for Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn avoids compliance issues and facilitates credit claims. Monitor changes to 9%, 9%, and 18% rates for Chapter 54 – Man-Made Filaments; Strip And to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 54041910 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 54041910 for accurate classification of Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn.

Can I claim input tax credit on Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn purchases?

Yes, registered businesses can claim input tax credit on Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn purchases made under HSN 54041910. Ensure your supplier mentions correct HSN code and GST rates (9%, 9%) on the invoice.

What is the difference between CGST and IGST for HSN 54041910?

CGST at 9% plus SGST/UTGST at 9% applies when Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn is sold within the same state. IGST at 18% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn domestically?

No, Import Export Code is only required if you plan to import or export Other Monofilaments - Catgut Imitation Of Non-Sterile Synthetic Yarn internationally. For domestic trade within Man-Made Filaments; Strip And, GST registration is sufficient.

More HSN codes from Chapter 54

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