55031920 is the designated HSN classification for Nylon Anti Static Staple Fibre, categorized under Chapter 55 – Man-Made Staple Fibres in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Nylon Anti Static Staple Fibre must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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... | 55013000 | Synthetic Filament Tow - Acrylic Or Modacrylic | 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% |
GST Rates for HSN 55031920
For Nylon Anti Static Staple Fibre classified under HSN Code 55031920, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.
Who Should Use HSN Code 55031920?
All businesses supplying Nylon Anti Static Staple Fibre are obligated to use HSN 55031920 on tax invoices. From producers to retailers within Man-Made Staple Fibres, Chapter 55 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Looking to deal in Nylon Anti Static Staple Fibre? GST registration is your first compliance requirement for HSN 55031920 goods. International traders in Man-Made Staple Fibres 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
Accurate HSN Code 55031920 usage for Nylon Anti Static Staple Fibre simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 55 – Man-Made Staple Fibres to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 55031920 used for?
HSN Code 55031920 is used to classify Nylon Anti Static Staple Fibre 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 55031920?
For Nylon Anti Static Staple Fibre, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in Nylon Anti Static Staple Fibre?
Yes, GST registration is mandatory for businesses dealing in Nylon Anti Static Staple Fibre under HSN 55031920. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Nylon Anti Static Staple Fibre?
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.
