55159120 is the designated HSN classification for Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached, categorized under Chapter 55 – Man-Made Staple Fibres in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached 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.

Below are related HSN codes from Chapter 55 – Man-Made Staple Fibres for your reference:

The taxation of Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached under HSN Code 55159120 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use m2 for Man-Made Staple Fibres goods under Chapter 55.

Any business engaged in supplying Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached must apply HSN 55159120 on invoices. The Man-Made Staple Fibres category under Chapter 55 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Starting a business involving Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached? GST registration is mandatory for collecting and remitting taxes on HSN 55159120 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.

Accurate application of HSN Code 55159120 for Other Woven Fabrics Of Synthetic Staple Fibres - Other Woven Fabrics : Mixed Mainly Or Solely With Man-Made Filaments : Bleached enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 55 – Man-Made Staple Fibres should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.