54060010 is the designated HSN classification for Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 6.00%, SGST/UTGST at 6.00% for local transactions, and IGST at 12.00% 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 54060010
For Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn classified under HSN Code 54060010, tax computation follows GST principles. CGST at 6.00% plus SGST/UTGST at 6.00% covers intrastate sales. IGST at 12.00% applies to interstate transactions. kg. is the prescribed measurement for Man-Made Filaments; Strip And under Chapter 54.
Who Should Use HSN Code 54060010?
Traders, manufacturers, and importers of Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn are required to mention HSN Code 54060010 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
Planning to trade in Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn? Complete GST registration to legally collect taxes on goods under HSN 54060010. Businesses importing or exporting Man-Made Filaments; Strip And products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Using HSN Code 54060010 accurately for Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn avoids compliance issues and facilitates credit claims. Monitor changes to 6.00%, 6.00%, and 12.00% rates for Chapter 54 – Man-Made Filaments; Strip And to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is HSN Code 54060010 used for?
HSN Code 54060010 is used to classify Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn under Chapter 54 – Man-Made Filaments; Strip And for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 54060010?
For Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn, CGST applies at 6.00% and SGST/UTGST at 6.00% for intrastate supplies. Interstate transactions are taxed under IGST at 12.00%.
Do I need GST registration to trade in Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn?
Yes, GST registration is mandatory for businesses dealing in Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn under HSN 54060010. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Man-Made Filament Yarn (Other Than Sewing Thread), Put Up For Retail Sale, Synthetic Filament Yarn?
For importing goods under Man-Made Filaments; Strip And, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
