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)
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.
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.
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.
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.