HSN Code 54041990 provides the tax classification for Other Monofilaments - Not Specified Elsewhere under Chapter 54 – Man-Made Filaments; Strip And of the GST tariff. Businesses dealing in Other Monofilaments - Not Specified Elsewhere must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized unit of measurement is kg..
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 54041990
The tax structure for Other Monofilaments - Not Specified Elsewhere under HSN Code 54041990 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 54 – Man-Made Filaments; Strip And.
Who Should Use HSN Code 54041990?
Manufacturers, wholesalers, retailers, and exporters dealing in Other Monofilaments - Not Specified Elsewhere are required to mention HSN 54041990 on all tax documents. This classification under Man-Made Filaments; Strip And applies to businesses of all sizes operating within Chapter 54. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Entering the Other Monofilaments - Not Specified Elsewhere market requires essential registrations. GST registration enables legal tax collection on HSN 54041990 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
Accurate application of HSN Code 54041990 for Other Monofilaments - Not Specified Elsewhere enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 54 – Man-Made Filaments; Strip And should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Other Monofilaments - Not Specified Elsewhere under HSN Code 54041990 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Other Monofilaments - Not Specified Elsewhere must use HSN 54041990 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 54041990 for Man-Made Filaments; Strip And goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Other Monofilaments - Not Specified Elsewhere under Man-Made Filaments; Strip And. This registration links your bank account to process foreign currency payments from overseas buyers.