Within Chapter 58 – Special Woven Fabrics; Tufted, HSN Code 58023000 serves as the official classification for Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics. This code determines tax rates and compliance obligations for all entities trading in Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics. CGST applies at 0.06, SGST/UTGST at 0.06 for local transactions, and IGST at 0.12 for interstate supplies. Measurement is standardized in 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... | 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 |
GST Rates for HSN 58023000
The tax structure for Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics under HSN Code 58023000 follows a dual taxation model. CGST is levied at 0.06 and SGST/UTGST at 0.06 for intrastate sales. Interstate transactions attract IGST at 0.12. 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 58023000?
Every entity transacting in Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics must quote HSN Code 58023000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Special Woven Fabrics; Tufted. Chapter 58 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Commencing trade in Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics? Secure GST registration to handle taxes on HSN 58023000 classified goods. Businesses with international operations in Special Woven Fabrics; Tufted 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
Correct HSN Code 58023000 application for Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics ensures smooth input credit utilization and assessment processes. Track 0.06, 0.06, and 0.12 rate changes for Chapter 58 – Special Woven Fabrics; Tufted through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 58023000 belong to?
HSN Code 58023000 falls under Chapter 58 – Special Woven Fabrics; Tufted in the GST tariff schedule. This chapter covers various goods including Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics.
Is IGST applicable on Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics?
Yes, IGST at 0.12 is applicable when Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics is supplied interstate or imported. For local sales within a state, CGST at 0.06 and SGST/UTGST at 0.06 apply instead.
Can e-commerce sellers use HSN Code 58023000?
Yes, e-commerce sellers dealing in Terry Towelling And Similar Woven Terry Fabrics, Other Than Narrow Fabrics Of Heading 5806; Tufted Textile Fabrics, Other Than Products Of Heading 5703 - Tufted Textile Fabrics must use HSN 58023000 on their invoices. This applies to all online platforms operating under Special Woven Fabrics; Tufted classification.
How do I start an import business for Special Woven Fabrics; Tufted goods?
To import goods under Special Woven Fabrics; Tufted, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
