Under the GST regime, HSN Code 55041021 classifies Flame Retaradant Viscose Rayon Fibre within Chapter 55 – Man-Made Staple Fibres. This code is essential for businesses to correctly calculate and remit taxes on Flame Retaradant Viscose Rayon Fibre. 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 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 55041021
Goods classified as Flame Retaradant Viscose Rayon Fibre under HSN 55041021 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 55041021?
Manufacturers, wholesalers, retailers, and exporters dealing in Flame Retaradant Viscose Rayon Fibre are required to mention HSN 55041021 on all tax documents. This classification under Man-Made Staple Fibres applies to businesses of all sizes operating within Chapter 55. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Looking to deal in Flame Retaradant Viscose Rayon Fibre? GST registration is your first compliance requirement for HSN 55041021 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
Using HSN Code 55041021 accurately for Flame Retaradant Viscose Rayon Fibre 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 the unit of measurement for HSN 55041021?
The standard unit of measurement for Flame Retaradant Viscose Rayon Fibre under HSN Code 55041021 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 55041021 mandatory for small businesses?
Yes, businesses dealing in Flame Retaradant Viscose Rayon Fibre must use HSN 55041021 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Flame Retaradant Viscose Rayon Fibre?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55041021 for Man-Made Staple Fibres goods before invoicing.
Do I need AD Code registration for exporting Flame Retaradant Viscose Rayon Fibre?
Yes, AD Code registration is required for exporters dealing in Flame Retaradant Viscose Rayon Fibre under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.
