55129120 is the designated HSN classification for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached, 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 - Other : Unbleached Or Bleached : Bleached must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 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 55129120

The tax structure for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached under HSN Code 55129120 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in m2 as the standard measurement for goods under Chapter 55 – Man-Made Staple Fibres.

Who Should Use HSN Code 55129120?

Manufacturers, wholesalers, retailers, and exporters dealing in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached are required to mention HSN 55129120 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

Commencing trade in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached? Secure GST registration to handle taxes on HSN 55129120 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 55129120 application for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 55 – Man-Made Staple Fibres through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 55129120 used for?

HSN Code 55129120 is used to classify Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached under Chapter 55 – Man-Made Staple Fibres for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 55129120?

For Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.

Do I need GST registration to trade in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached?

Yes, GST registration is mandatory for businesses dealing in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached under HSN 55129120. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Unbleached Or Bleached : Bleached?

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.

More HSN codes from Chapter 55

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