Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55039020 specifically identifies Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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... | 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 55039020
Goods classified as Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre under HSN 55039020 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 55 – Man-Made Staple Fibres products.
Who Should Use HSN Code 55039020?
Any business engaged in supplying Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre must apply HSN 55039020 on invoices. The Man-Made Staple Fibres category under Chapter 55 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre market requires essential registrations. GST registration enables legal tax collection on HSN 55039020 goods. For cross-border trade in Man-Made Staple Fibres items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 55039020 usage for Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride 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)
How many digits of HSN Code 55039020 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 55039020 for accurate classification of Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre.
Can I claim input tax credit on Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre purchases?
Yes, registered businesses can claim input tax credit on Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre purchases made under HSN 55039020. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 55039020?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre domestically?
No, Import Export Code is only required if you plan to import or export Synthetic Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other : Polyvinyl Chloride Staple Fibre internationally. For domestic trade within Man-Made Staple Fibres, GST registration is sufficient.
