HSN Code 56060010 provides the tax classification for Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... under Chapter 56 – Wadding, Felt And Nonwovens; of the GST tariff. Businesses dealing in Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... must use this code for proper invoicing and return filing. Applicable taxes include CGST at 6.00%, SGST/UTGST at 6.00%, and IGST at 12.00%. The recognized unit of measurement is kg..
HSN Codes under Chapter 56 – Wadding, Felt And Nonwovens;
Below are related HSN codes from Chapter 56 – Wadding, Felt And Nonwovens; for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Wadding, Felt And Nonwovens;... | 56011000 | Wadding Of Textile Materials And Articles Thereof;... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56012110 | Wadding Of Textile Materials And Articles Thereof;... | 6.00% | 6.00% | 12.00% |
| Wadding, Felt And Nonwovens;... | 56012190 | Wadding Of Textile Materials And Articles Thereof;... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56012200 | Wadding Of Textile Materials And Articles Thereof;... | 0.09 | 0.09 | 0.18 |
| Wadding, Felt And Nonwovens;... | 56012900 | Wadding Of Textile Materials And Articles Thereof;... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56013000 | Wadding Of Textile Materials And Articles Thereof;... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56021000 | Felt, Whether Or Not Impregnated, Coated, Covered ... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56022100 | Felt, Whether Or Not Impregnated, Coated, Covered ... | 0.06 | 0.06 | 0.12 |
| Wadding, Felt And Nonwovens;... | 56022910 | Felt, Whether Or Not Impregnated, Coated, Covered ... | 6.00% | 6.00% | 12.00% |
| Wadding, Felt And Nonwovens;... | 56022920 | Felt, Whether Or Not Impregnated, Coated, Covered ... | 6.00% | 6.00% | 12.00% |
GST Rates for HSN 56060010
For Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... classified under HSN Code 56060010, tax computation follows GST principles. CGST at 6.00% plus SGST/UTGST at 6.00% covers intrastate sales. IGST at 12.00% applies to interstate transactions. kg. is the prescribed measurement for Wadding, Felt And Nonwovens; under Chapter 56.
Who Should Use HSN Code 56060010?
All businesses supplying Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... are obligated to use HSN 56060010 on tax invoices. From producers to retailers within Wadding, Felt And Nonwovens;, Chapter 56 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Commencing trade in Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,...? Secure GST registration to handle taxes on HSN 56060010 classified goods. Businesses with international operations in Wadding, Felt And Nonwovens; 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
Proper use of HSN Code 56060010 for Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... streamlines audit processes and supports valid credit claims. Stay updated on 6.00%, 6.00%, and 12.00% rates for Chapter 56 – Wadding, Felt And Nonwovens; through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... under HSN Code 56060010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... must use HSN 56060010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 56060010 for Wadding, Felt And Nonwovens; goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405, Gimped (Other Than Those Of Heading 5605 And Gimped Horsehair Yarn); Chenille Yarn (Including Flock Chenille Yarn); Loop Wale-Yarn - Gimped Yarn, And Strip And The Like Of Heading 5404 Or 5405,... under Wadding, Felt And Nonwovens;. This registration links your bank account to process foreign currency payments from overseas buyers.
