Under the GST regime, HSN Code 55039030 classifies Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 within Chapter 55 – Man-Made Staple Fibres. This code is essential for businesses to correctly calculate and remit taxes on Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 55039030

The tax structure for Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 under HSN Code 55039030 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 55 – Man-Made Staple Fibres.

Who Should Use HSN Code 55039030?

Any business engaged in supplying Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 must apply HSN 55039030 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 Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 market requires essential registrations. GST registration enables legal tax collection on HSN 55039030 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

Using HSN Code 55039030 accurately for Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 55 – Man-Made Staple Fibres to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 55039030 used for?

HSN Code 55039030 is used to classify Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 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 55039030?

For Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848, 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 Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848?

Yes, GST registration is mandatory for businesses dealing in Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848 under HSN 55039030. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Ultra High Molecular Weight Poly Ethylene Staple Fibre Conforming To Astm F2848?

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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