HSN Code 55103020 provides the tax classification for Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn under Chapter 55 – Man-Made Staple Fibres of the GST tariff. Businesses dealing in Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn 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 55103020
The taxation of Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn under HSN Code 55103020 depends on supply location. Intrastate transactions require CGST at 6.00% and SGST/UTGST at 6.00%. Interstate supplies are charged IGST at 12.00%. Invoices should consistently use kg. for Man-Made Staple Fibres goods under Chapter 55.
Who Should Use HSN Code 55103020?
Traders, manufacturers, and importers of Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn are required to mention HSN Code 55103020 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
Entering the Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn market requires essential registrations. GST registration enables legal tax collection on HSN 55103020 goods. For cross-border trade in Man-Made Staple Fibres items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 55103020 usage for Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn simplifies reconciliation and protects against penalties. Keep current with 6.00%, 6.00%, and 12.00% updates for Chapter 55 – Man-Made Staple Fibres to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 55103020?
The standard unit of measurement for Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn under HSN Code 55103020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 55103020 mandatory for small businesses?
Yes, businesses dealing in Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn must use HSN 55103020 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 Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55103020 for Man-Made Staple Fibres goods before invoicing.
Do I need AD Code registration for exporting Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn?
Yes, AD Code registration is required for exporters dealing in Yarn (Other Than Sewing Thread) Of Artificial Staple Fibres, Not Put Up For Retail Sale - Other Yarn, Mixed Mainly Or Solely With Cotton : Acetate Rayon Spun Yarn under Man-Made Staple Fibres. This registration links your bank account to process foreign currency payments from overseas buyers.
