Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55099200 specifically identifies Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton 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 : Mixed Mainly Or Solely With Cotton. Tax rates applicable include CGST at 0.06, SGST/UTGST at 0.06, and IGST at 0.12 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 55099200
Tax liability for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton under HSN 55099200 varies by transaction geography. CGST at 0.06 combined with SGST/UTGST at 0.06 applies to local sales. Interstate movement attracts IGST at 0.12. All billing for Chapter 55 – Man-Made Staple Fibres products must use kg..
Who Should Use HSN Code 55099200?
Manufacturers, wholesalers, retailers, and exporters dealing in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton are required to mention HSN 55099200 on all tax documents. This classification under Man-Made Staple Fibres applies to businesses of all sizes operating within Chapter 55. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Looking to deal in Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton? GST registration is your first compliance requirement for HSN 55099200 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
Correct HSN Code 55099200 application for Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton ensures smooth input credit utilization and assessment processes. Track 0.06, 0.06, and 0.12 rate changes for Chapter 55 – Man-Made Staple Fibres through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 55099200 is used to classify Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton 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 Yarn (Other Than Sewing Thread) Of Synthetic Staple Fibres, Not Put Up For Retail Sale - Other Yarn : Mixed Mainly Or Solely With Cotton, CGST applies at 0.06 and SGST/UTGST at 0.06 for intrastate supplies. Interstate transactions are taxed under IGST at 0.12.
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 : Mixed Mainly Or Solely With Cotton under HSN 55099200. 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.