Within Chapter 55 – Man-Made Staple Fibres, HSN Code 55151940 serves as the official classification for Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed. This code determines tax rates and compliance obligations for all entities trading in Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in 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 55151940

Tax liability for Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed under HSN 55151940 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 55 – Man-Made Staple Fibres products must use m2.

Who Should Use HSN Code 55151940?

Every entity transacting in Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed must quote HSN Code 55151940 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 Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed? GST registration is mandatory for collecting and remitting taxes on HSN 55151940 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

Accurate HSN Code 55151940 usage for Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 55 – Man-Made Staple Fibres to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 55151940 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 55151940 for accurate classification of Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed.

Can I claim input tax credit on Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed purchases?

Yes, registered businesses can claim input tax credit on Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed purchases made under HSN 55151940. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.

What is the difference between CGST and IGST for HSN 55151940?

CGST at 2.50% plus SGST/UTGST at 2.50% applies when Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed domestically?

No, Import Export Code is only required if you plan to import or export Other Woven Fabrics Of Synthetic Staple Fibres - Of Polyester Staple Fibres : Other : Printed internationally. For domestic trade within Man-Made Staple Fibres, GST registration is sufficient.

More HSN codes from Chapter 55

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