Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55094230 specifically identifies Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn. Tax rates applicable include CGST at 6.00%, SGST/UTGST at 6.00%, and IGST at 12.00% 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 55094230

Goods classified as Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn under HSN 55094230 are taxed based on transaction type. Local sales attract CGST at 6.00% plus SGST/UTGST at 6.00%. For supplies crossing state boundaries, IGST at 12.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 55 – Man-Made Staple Fibres products.

Who Should Use HSN Code 55094230?

Traders, manufacturers, and importers of Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn are required to mention HSN Code 55094230 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

Looking to deal in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn? GST registration is your first compliance requirement for HSN 55094230 goods. International traders in Man-Made Staple Fibres products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Accurate application of HSN Code 55094230 for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 55 – Man-Made Staple Fibres should monitor rate updates (6.00%, 6.00%, 12.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 55094230 used for?

HSN Code 55094230 is used to classify Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn 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 55094230?

For Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn, CGST applies at 6.00% and SGST/UTGST at 6.00% for intrastate supplies. Interstate transactions are taxed under IGST at 12.00%.

Do I need GST registration to trade in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn?

Yes, GST registration is mandatory for businesses dealing in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn under HSN 55094230. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Containing 85% Or More By Weight Of Synthetic Staple Fibres : Multiple (Folded) Or Cabled Yarn : Polyvinyl Chloride (Pvc) Spun Yarn?

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.

More HSN codes from Chapter 55

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