Chapter 55 of the GST framework covers Man-Made Staple Fibres, and HSN Code 55152940 specifically identifies Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed. Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% 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 55152940

Tax liability for Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed under HSN 55152940 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 55152940?

All businesses supplying Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed are obligated to use HSN 55152940 on tax invoices. From producers to retailers within Man-Made Staple Fibres, Chapter 55 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed? GST registration is your first compliance requirement for HSN 55152940 goods. International traders in Man-Made Staple Fibres products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Accurate HSN Code 55152940 usage for Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic 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)

What is HSN Code 55152940 used for?

HSN Code 55152940 is used to classify Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed 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 55152940?

For Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.

Do I need GST registration to trade in Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed?

Yes, GST registration is mandatory for businesses dealing in Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed under HSN 55152940. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Other Woven Fabrics Of Synthetic Staple Fibres - Of Acrylic Or Modacrylic Staple Fibres : Other : Printed?

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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