HSN Code 55070030 provides the tax classification for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops under Chapter 55 – Man-Made Staple Fibres of the GST tariff. Businesses dealing in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops 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 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 55070030
Tax liability for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops under HSN 55070030 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 55070030?
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 : Polynosic Tops are required to mention HSN Code 55070030 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, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops? Secure GST registration to handle taxes on HSN 55070030 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 55070030 for Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops 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 HSN Code 55070030 used for?
HSN Code 55070030 is used to classify Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic 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.
What are the GST rates applicable on HSN 55070030?
For Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops?
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 : Polynosic Tops under HSN 55070030. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning - Artificial Staple Fibres, Carded, Combed Or Otherwise Processed For Spinning : Polynosic Tops?
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.
