Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54073030 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 Dyed. 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 Dyed. 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 54073030

Goods classified as Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed under HSN 54073030 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect m2 as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.

Who Should Use HSN Code 54073030?

Every entity transacting in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed must quote HSN Code 54073030 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.

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 Dyed? Complete GST registration to legally collect taxes on goods under HSN 54073030. 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 54073030 accurately for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% 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 54073030 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 54073030 for accurate classification of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed.

Can I claim input tax credit on Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed purchases?

Yes, registered businesses can claim input tax credit on Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed purchases made under HSN 54073030. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.

What is the difference between CGST and IGST for HSN 54073030?

CGST at 2.50% plus SGST/UTGST at 2.50% applies when Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed domestically?

No, Import Export Code is only required if you plan to import or export Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Dyed internationally. For domestic trade within Man-Made Filaments; Strip And, GST registration is sufficient.

More HSN codes from Chapter 54

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