Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55013000 specifically identifies Synthetic Filament Tow - Acrylic Or Modacrylic for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Synthetic Filament Tow - Acrylic Or Modacrylic. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 55 – Man-Made Staple Fibres

Below are related HSN codes from Chapter 55 – Man-Made Staple Fibres for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Man-Made Staple Fibres... 55011000 Synthetic Filament Tow - Of Nylon Or Other Polyami... 0.09 0.09 0.18
Man-Made Staple Fibres... 55011100 Man-Made Staple Fibres~Synthetic Filament Tow~ Of ... 0.09 0.09 0.18
Man-Made Staple Fibres... 55011900 Man-Made Staple Fibres~Synthetic Filament Tow~ Oth... 0.09 0.09 0.18
Man-Made Staple Fibres... 55012000 Synthetic Filament Tow - Of Polyesters 0.09 0.09 0.18
Man-Made Staple Fibres... 55014000 Synthetic Filament Tow - Of Polypropylene 0.09 0.09 0.18
Man-Made Staple Fibres... 55019010 Synthetic Filament Tow - Other : Of Polypropylene 9.00% 9.00% 18.00%
Man-Made Staple Fibres... 55019090 Synthetic Filament Tow - Other : Other 0.09 0.09 0.18
Man-Made Staple Fibres... 55020010 Artificial Filament Tow - Artificial Filament Tow ... 9.00% 9.00% 18.00%
Man-Made Staple Fibres... 55020020 Artificial Filament Tow - Artificial Filament Tow ... 9.00% 9.00% 18.00%
Man-Made Staple Fibres... 55020090 Artificial Filament Tow - Artificial Filament Tow ... 0.09 0.09 0.18

GST Rates for HSN 55013000

The taxation of Synthetic Filament Tow - Acrylic Or Modacrylic under HSN Code 55013000 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Man-Made Staple Fibres goods under Chapter 55.

Who Should Use HSN Code 55013000?

Every entity transacting in Synthetic Filament Tow - Acrylic Or Modacrylic must quote HSN Code 55013000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Man-Made Staple Fibres. Chapter 55 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Planning to trade in Synthetic Filament Tow - Acrylic Or Modacrylic? Complete GST registration to legally collect taxes on goods under HSN 55013000. Businesses importing or exporting Man-Made Staple Fibres 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

Correct HSN Code 55013000 application for Synthetic Filament Tow - Acrylic Or Modacrylic ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 55 – Man-Made Staple Fibres through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 55013000 used for?

HSN Code 55013000 is used to classify Synthetic Filament Tow - Acrylic Or Modacrylic under Chapter 55 – Man-Made Staple Fibres for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 55013000?

For Synthetic Filament Tow - Acrylic Or Modacrylic, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.

Do I need GST registration to trade in Synthetic Filament Tow - Acrylic Or Modacrylic?

Yes, GST registration is mandatory for businesses dealing in Synthetic Filament Tow - Acrylic Or Modacrylic under HSN 55013000. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Synthetic Filament Tow - Acrylic Or Modacrylic?

For importing goods under Man-Made Staple Fibres, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 55

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