Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54073010 serves as the official classification for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached. This code determines tax rates and compliance obligations for all entities trading in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in m2.

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 54073010

The taxation of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached under HSN Code 54073010 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use m2 for Man-Made Filaments; Strip And goods under Chapter 54.

Who Should Use HSN Code 54073010?

Traders, manufacturers, and importers of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached are required to mention HSN Code 54073010 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 Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached? Complete GST registration to legally collect taxes on goods under HSN 54073010. 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

Accurate application of HSN Code 54073010 for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 54 – Man-Made Filaments; Strip And should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 54073010?

The standard unit of measurement for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached under HSN Code 54073010 is m2. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 54073010 mandatory for small businesses?

Yes, businesses dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached must use HSN 54073010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 54073010 for Man-Made Filaments; Strip And goods before invoicing.

Do I need AD Code registration for exporting Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached?

Yes, AD Code registration is required for exporters dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Unbleached under Man-Made Filaments; Strip And. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 54

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