54078430 is the designated HSN classification 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 : Printed :Polyester Shirt..., categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing 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 : Printed :Polyester Shirt... must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in m2 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 54078430

Goods classified as 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 : Printed :Polyester Shirt... under HSN 54078430 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 54078430?

All businesses supplying 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 : Printed :Polyester Shirt... are obligated to use HSN 54078430 on tax invoices. From producers to retailers within Man-Made Filaments; Strip And, Chapter 54 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

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 : Printed :Polyester Shirt...? GST registration is your first compliance requirement for HSN 54078430 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.

Why Correct Classification Matters

Proper use of HSN Code 54078430 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 : Printed :Polyester Shirt... streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 54 – Man-Made Filaments; Strip And through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 54078430 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 54078430 for accurate classification 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 : Printed :Polyester Shirt....

Can I claim input tax credit on 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 : Printed :Polyester Shirt... 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 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Printed :Polyester Shirt... purchases made under HSN 54078430. 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 54078430?

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 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Printed :Polyester Shirt... 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 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Printed :Polyester Shirt... 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 Other Woven Fabrics, Containing Less Than 85 Percent By Weight Of Synthetic Filaments, Mixed Mainly Or Solely With Cotton : Printed :Polyester Shirt... internationally. For domestic trade within Man-Made Filaments; Strip And, GST registration is sufficient.

More HSN codes from Chapter 54

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