Chapter 54 of the GST framework covers Man-Made Filaments; Strip And, and HSN Code 54078240 specifically identifies Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings. Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard unit of measurement is m2.

Below are related HSN codes from Chapter 54 – Man-Made Filaments; Strip And for your reference:

The taxation of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings under HSN Code 54078240 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.

Traders, manufacturers, and importers of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings are required to mention HSN Code 54078240 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.

Looking to deal in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings? GST registration is your first compliance requirement for HSN 54078240 goods. International traders in Man-Made Filaments; Strip And products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Accurate HSN Code 54078240 usage for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Dyed :Polyester Suitings simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 54 – Man-Made Filaments; Strip And to ensure ongoing compliance.