Within Chapter 55 – Man-Made Staple Fibres, HSN Code 55041010 serves as the official classification for Obtained From Wood Other Than Bamboo. This code determines tax rates and compliance obligations for all entities trading in Obtained From Wood Other Than Bamboo. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in N.a.
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 55041010
Goods classified as Obtained From Wood Other Than Bamboo under HSN 55041010 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 N.a as the measurement standard for Chapter 55 – Man-Made Staple Fibres products.
Who Should Use HSN Code 55041010?
Any business engaged in supplying Obtained From Wood Other Than Bamboo must apply HSN 55041010 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
Commencing trade in Obtained From Wood Other Than Bamboo? Secure GST registration to handle taxes on HSN 55041010 classified goods. Businesses with international operations in Man-Made Staple Fibres need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Correct HSN Code 55041010 application for Obtained From Wood Other Than Bamboo ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 55 – Man-Made Staple Fibres through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Obtained From Wood Other Than Bamboo under HSN Code 55041010 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Obtained From Wood Other Than Bamboo must use HSN 55041010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55041010 for Man-Made Staple Fibres goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Obtained From Wood Other Than Bamboo under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.