Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55070010 specifically identifies Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is 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 55070010
For Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops classified under HSN Code 55070010, 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. kg. is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.
Who Should Use HSN Code 55070010?
All businesses supplying Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops are obligated to use HSN 55070010 on tax invoices. From producers to retailers within Man-Made Staple Fibres, Chapter 55 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops? Complete GST registration to legally collect taxes on goods under HSN 55070010. Businesses importing or exporting Man-Made Staple Fibres products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Using HSN Code 55070010 accurately for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops 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)
HSN Code 55070010 is used to classify Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops under Chapter 55 – Man-Made Staple Fibres for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Yes, GST registration is mandatory for businesses dealing in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Acetate Rayon Tops under HSN 55070010. This enables you to legally collect taxes and claim input credits on purchases.
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.