Chapter 58 of the GST framework covers Special Woven Fabrics; Tufted, and HSN Code 58042990 specifically identifies Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other. Tax rates applicable include CGST at 0.06, SGST/UTGST at 0.06, and IGST at 0.12 for interstate movements. The standard unit of measurement is kg..

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 58042990

Tax liability for Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other under HSN 58042990 varies by transaction geography. CGST at 0.06 combined with SGST/UTGST at 0.06 applies to local sales. Interstate movement attracts IGST at 0.12. All billing for Chapter 58 – Special Woven Fabrics; Tufted products must use kg..

Who Should Use HSN Code 58042990?

Any business engaged in supplying Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other must apply HSN 58042990 on invoices. The Special Woven Fabrics; Tufted category under Chapter 58 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Entering the Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other market requires essential registrations. GST registration enables legal tax collection on HSN 58042990 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 58042990 usage for Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other simplifies reconciliation and protects against penalties. Keep current with 0.06, 0.06, and 0.12 updates for Chapter 58 – Special Woven Fabrics; Tufted to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 58042990?

The standard unit of measurement for Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other under HSN Code 58042990 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 58042990 mandatory for small businesses?

Yes, businesses dealing in Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other must use HSN 58042990 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 58042990 for Special Woven Fabrics; Tufted goods before invoicing.

Do I need AD Code registration for exporting Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other?

Yes, AD Code registration is required for exporters dealing in Tulles And Other Net Fabrics, Not Including Woven, Knitted Or Crocheted Fabrics; Lace In The Piece, In Strips Or In Motifs, Other Than Fabrics Of Headings 6002 To 6006- Mechanically Made Lace:- Of Other Textile Materials:Other under Special Woven Fabrics; Tufted. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 58

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