Chapter 60 of the GST framework covers Knitted Or Crocheted Fabrics, and HSN Code 60052400 specifically identifies Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed. Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 60 – Knitted Or Crocheted Fabrics

Below are related HSN codes from Chapter 60 – Knitted Or Crocheted Fabrics for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Knitted Or Crocheted Fabrics... 60011010 Pile Fabrics, Including Long Pile Fabrics And Terr... 2.50% 2.50% 5.00%
Knitted Or Crocheted Fabrics... 60011020 Pile Fabrics, Including Long Pile Fabrics And Terr... 2.50% 2.50% 5.00%
Knitted Or Crocheted Fabrics... 60011090 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60012100 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60012200 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60012900 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60019100 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60019200 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05
Knitted Or Crocheted Fabrics... 60019910 Pile Fabrics, Including Long Pile Fabrics And Terr... 2.50% 2.50% 5.00%
Knitted Or Crocheted Fabrics... 60019990 Pile Fabrics, Including Long Pile Fabrics And Terr... 0.025 0.025 0.05

GST Rates for HSN 60052400

For Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed classified under HSN Code 60052400, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. kg. is the prescribed measurement for Knitted Or Crocheted Fabrics under Chapter 60.

Who Should Use HSN Code 60052400?

Manufacturers, wholesalers, retailers, and exporters dealing in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed are required to mention HSN 60052400 on all tax documents. This classification under Knitted Or Crocheted Fabrics applies to businesses of all sizes operating within Chapter 60. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Starting a business involving Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed? GST registration is mandatory for collecting and remitting taxes on HSN 60052400 goods. Companies planning international trade within Knitted Or Crocheted Fabrics 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

Using HSN Code 60052400 accurately for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 60 – Knitted Or Crocheted Fabrics to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 60052400 used for?

HSN Code 60052400 is used to classify Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed under Chapter 60 – Knitted Or Crocheted Fabrics 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 60052400?

For Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.

Do I need GST registration to trade in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed?

Yes, GST registration is mandatory for businesses dealing in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed under HSN 60052400. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Cotton:Printed?

For importing goods under Knitted Or Crocheted Fabrics, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 60

Back to Top