HSN Code 55051010 provides the tax classification for Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic under Chapter 55 – Man-Made Staple Fibres of the GST tariff. Businesses dealing in Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized unit of measurement is 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 55051010
For Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic classified under HSN Code 55051010, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. N.a is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.
Who Should Use HSN Code 55051010?
Any business engaged in supplying Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic must apply HSN 55051010 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 Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic? Secure GST registration to handle taxes on HSN 55051010 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
Accurate application of HSN Code 55051010 for Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 55 – Man-Made Staple Fibres should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 55051010?
The standard unit of measurement for Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic under HSN Code 55051010 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 55051010 mandatory for small businesses?
Yes, businesses dealing in Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic must use HSN 55051010 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 Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55051010 for Man-Made Staple Fibres goods before invoicing.
Do I need AD Code registration for exporting Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic?
Yes, AD Code registration is required for exporters dealing in Waste (Including Noils, Yarn Waste And Garnetted Stock) Of Man-Made Fibres - Of Synthetic Fibers : Of Acrylic under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.
