Chapter 58 of the GST framework covers Special Woven Fabrics; Tufted, and HSN Code 58012300 specifically identifies Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics. 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 58 – Special Woven Fabrics; Tufted
Below are related HSN codes from Chapter 58 – Special Woven Fabrics; Tufted for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Special Woven Fabrics; Tufted... | 58011000 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58012100 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58012210 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 2.50% | 2.50% | 5.00% |
| Special Woven Fabrics; Tufted... | 58012290 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58012600 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58012710 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 2.50% | 2.50% | 5.00% |
| Special Woven Fabrics; Tufted... | 58012720 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 2.50% | 2.50% | 5.00% |
| Special Woven Fabrics; Tufted... | 58012790 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58013100 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
| Special Woven Fabrics; Tufted... | 58013200 | Woven Pile Fabrics And Chenille Fabrics, Other Tha... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 58012300
The tax structure for Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics under HSN Code 58012300 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in m2 as the standard measurement for goods under Chapter 58 – Special Woven Fabrics; Tufted.
Who Should Use HSN Code 58012300?
Traders, manufacturers, and importers of Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics are required to mention HSN Code 58012300 on all GST documents. This Special Woven Fabrics; Tufted classification under Chapter 58 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Entering the Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics market requires essential registrations. GST registration enables legal tax collection on HSN 58012300 goods. For cross-border trade in Special Woven Fabrics; Tufted 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
Accurate HSN Code 58012300 usage for Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 58 – Special Woven Fabrics; Tufted to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 58012300 used for?
HSN Code 58012300 is used to classify Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics under Chapter 58 – Special Woven Fabrics; Tufted 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 58012300?
For Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics, 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 Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics?
Yes, GST registration is mandatory for businesses dealing in Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics under HSN 58012300. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton:Other Weft Pile Fabrics?
For importing goods under Special Woven Fabrics; Tufted, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
