Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55129990 specifically identifies Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other. Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 for interstate movements. The standard unit of measurement is m2.

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 55129990

For Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other classified under HSN Code 55129990, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. m2 is the prescribed measurement for Man-Made Staple Fibres under Chapter 55.

Who Should Use HSN Code 55129990?

Manufacturers, wholesalers, retailers, and exporters dealing in Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other are required to mention HSN 55129990 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

Entering the Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other market requires essential registrations. GST registration enables legal tax collection on HSN 55129990 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

Correct HSN Code 55129990 application for Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other 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 55129990 used for?

HSN Code 55129990 is used to classify Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other 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 55129990?

For Woven Fabrics Of Synthetic Staple Fibres, Containing 85% Or More By Weight Of Synthetic Staple Fibres - Other : Other : Other, 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 : Other : Other?

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 : Other : Other under HSN 55129990. 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 : Other : Other?

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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