HSN Code 58012720 provides the tax classification for Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut under Chapter 58 – Special Woven Fabrics; Tufted of the GST tariff. Businesses dealing in Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized 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... | 58012300 | 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... | 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 58012720
Tax liability for Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut under HSN 58012720 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 58 – Special Woven Fabrics; Tufted products must use m2.
Who Should Use HSN Code 58012720?
All businesses supplying Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut are obligated to use HSN 58012720 on tax invoices. From producers to retailers within Special Woven Fabrics; Tufted, Chapter 58 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut? GST registration is mandatory for collecting and remitting taxes on HSN 58012720 goods. Companies planning international trade within Special Woven Fabrics; Tufted 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
Correct HSN Code 58012720 application for Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 58 – Special Woven Fabrics; Tufted through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 58012720 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 58012720 for accurate classification of Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut.
Can I claim input tax credit on Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut purchases?
Yes, registered businesses can claim input tax credit on Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut purchases made under HSN 58012720. 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 58012720?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut 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 Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut domestically?
No, Import Export Code is only required if you plan to import or export Woven Pile Fabrics And Chenille Fabrics, Other Than Fabrics Of Heading 5802 Or 5806 - Of Cotton--Warp Pile Fabrics---Warp Pile Fabrics,Cut internationally. For domestic trade within Special Woven Fabrics; Tufted, GST registration is sufficient.
