Within Chapter 55 – Man-Made Staple Fibres, HSN Code 55095200 serves as the official classification for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair. This code determines tax rates and compliance obligations for all entities trading in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair. CGST applies at 0.06, SGST/UTGST at 0.06 for local transactions, and IGST at 0.12 for interstate supplies. Measurement is standardized in 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 55095200

For Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair classified under HSN Code 55095200, tax computation follows GST principles. CGST at 0.06 plus SGST/UTGST at 0.06 covers intrastate sales. IGST at 0.12 applies to interstate transactions. kg. is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.

Who Should Use HSN Code 55095200?

All businesses supplying Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair are obligated to use HSN 55095200 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

Looking to deal in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair? GST registration is your first compliance requirement for HSN 55095200 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

Proper use of HSN Code 55095200 for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair streamlines audit processes and supports valid credit claims. Stay updated on 0.06, 0.06, and 0.12 rates for Chapter 55 – Man-Made Staple Fibres through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 55095200?

The standard unit of measurement for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair under HSN Code 55095200 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 55095200 mandatory for small businesses?

Yes, businesses dealing in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair must use HSN 55095200 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 Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55095200 for Man-Made Staple Fibres goods before invoicing.

Do I need AD Code registration for exporting Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair?

Yes, AD Code registration is required for exporters dealing in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Of Polyester Staple Fibres : Mixed Mainly Or Solely With Wool Or Fine Animal Hair under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 55

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