Under the GST regime, HSN Code 55070020 classifies Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops within Chapter 55 – Man-Made Staple Fibres. This code is essential for businesses to correctly calculate and remit taxes on Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops. 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 55070020
The taxation of Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops under HSN Code 55070020 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Man-Made Staple Fibres goods under Chapter 55.
Who Should Use HSN Code 55070020?
Traders, manufacturers, and importers of Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops are required to mention HSN Code 55070020 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
Starting a business involving Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops? GST registration is mandatory for collecting and remitting taxes on HSN 55070020 goods. Companies planning international trade within Man-Made Staple Fibres must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Correct HSN Code 55070020 application for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops 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)
What is the unit of measurement for HSN 55070020?
The standard unit of measurement for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops under HSN Code 55070020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 55070020 mandatory for small businesses?
Yes, businesses dealing in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops must use HSN 55070020 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, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55070020 for Man-Made Staple Fibres goods before invoicing.
Do I need AD Code registration for exporting Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops?
Yes, AD Code registration is required for exporters dealing in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Viscose Tops under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.
