Under the GST regime, HSN Code 55049010 classifies Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre within Chapter 55 – Man-Made Staple Fibres. This code is essential for businesses to correctly calculate and remit taxes on Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple 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 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 55049010
Tax liability for Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre under HSN 55049010 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 55 – Man-Made Staple Fibres products must use kg..
Who Should Use HSN Code 55049010?
Traders, manufacturers, and importers of Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre are required to mention HSN Code 55049010 on all GST documents. This Man-Made Staple Fibres classification under Chapter 55 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre? Secure GST registration to handle taxes on HSN 55049010 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
Using HSN Code 55049010 accurately for Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple 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 55049010?
The standard unit of measurement for Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre under HSN Code 55049010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 55049010 mandatory for small businesses?
Yes, businesses dealing in Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre must use HSN 55049010 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 Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55049010 for Man-Made Staple Fibres goods before invoicing.
Do I need AD Code registration for exporting Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre?
Yes, AD Code registration is required for exporters dealing in Artificial Staple Fibres, Not Carded, Combed Or Otherwise Processed For Spinning - Other Acetate Rayon Staple Fibre under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.
