HSN Code 55099910 provides the tax classification for Yarn Made Of 100% Inherent Fr Synthetic Fibre under Chapter 55 – Man-Made Staple Fibres of the GST tariff. Businesses dealing in Yarn Made Of 100% Inherent Fr Synthetic Fibre must use this code for proper invoicing and return filing. Applicable taxes include CGST at 6.00%, SGST/UTGST at 6.00%, and IGST at 12.00%. 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 55099910
For Yarn Made Of 100% Inherent Fr Synthetic Fibre classified under HSN Code 55099910, tax computation follows GST principles. CGST at 6.00% plus SGST/UTGST at 6.00% covers intrastate sales. IGST at 12.00% applies to interstate transactions. kg. is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.
Who Should Use HSN Code 55099910?
Every entity transacting in Yarn Made Of 100% Inherent Fr Synthetic Fibre must quote HSN Code 55099910 on invoices. This includes traders, distributors, and e-commerce sellers operating under Man-Made Staple Fibres. Chapter 55 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Yarn Made Of 100% Inherent Fr Synthetic Fibre? GST registration is mandatory for collecting and remitting taxes on HSN 55099910 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
Using HSN Code 55099910 accurately for Yarn Made Of 100% Inherent Fr Synthetic Fibre avoids compliance issues and facilitates credit claims. Monitor changes to 6.00%, 6.00%, and 12.00% rates for Chapter 55 – Man-Made Staple Fibres to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 55099910?
Official GST rates for Yarn Made Of 100% Inherent Fr Synthetic Fibre under HSN 55099910 are published in government notifications and the CBIC website. Current rates are CGST 6.00%, SGST/UTGST 6.00%, and IGST 12.00%.
Do online marketplaces need to mention HSN 55099910?
Yes, online marketplaces and e-commerce operators selling Yarn Made Of 100% Inherent Fr Synthetic Fibre must mention HSN Code 55099910 on invoices. This Man-Made Staple Fibres classification applies to all sales channels under Chapter 55.
What documents are needed for company registration to trade in Yarn Made Of 100% Inherent Fr Synthetic Fibre?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Yarn Made Of 100% Inherent Fr Synthetic Fibre under HSN 55099910.
How often do GST rates change for Man-Made Staple Fibres products?
GST rates for Yarn Made Of 100% Inherent Fr Synthetic Fibre and other Man-Made Staple Fibres products under Chapter 55 may change through GST Council recommendations. Monitor official notifications to stay updated on 6.00%, 6.00%, and 12.00% revisions.
