55122920 is the designated HSN classification for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed, categorized under Chapter 55 – Man-Made Staple Fibres in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in m2 for billing purposes.

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 55122920

For Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed classified under HSN Code 55122920, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. m2 is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.

Who Should Use HSN Code 55122920?

Every entity transacting in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed must quote HSN Code 55122920 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

Commencing trade in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed? Secure GST registration to handle taxes on HSN 55122920 classified goods. Businesses with international operations in Man-Made Staple Fibres need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Correct HSN Code 55122920 application for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 55 – Man-Made Staple Fibres through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 55122920?

The standard unit of measurement for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed under HSN Code 55122920 is m2. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 55122920 mandatory for small businesses?

Yes, businesses dealing in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed must use HSN 55122920 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 Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 55122920 for Man-Made Staple Fibres goods before invoicing.

Do I need AD Code registration for exporting Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed?

Yes, AD Code registration is required for exporters dealing in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Containing 85% Or More By Weight Of Acrylic Or Modacrylic Staple Fibres : Other : Printed 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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