Under the GST regime, HSN Code 60053300 classifies Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours within Chapter 60 – Knitted Or Crocheted Fabrics. This code is essential for businesses to correctly calculate and remit taxes on Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using N.a.
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 60053300
The taxation of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours under HSN Code 60053300 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use N.a for Knitted Or Crocheted Fabrics goods under Chapter 60.
Who Should Use HSN Code 60053300?
Traders, manufacturers, and importers of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours are required to mention HSN Code 60053300 on all GST documents. This Knitted Or Crocheted Fabrics classification under Chapter 60 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours? GST registration is your first compliance requirement for HSN 60053300 goods. International traders in Knitted Or Crocheted Fabrics products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Using HSN Code 60053300 accurately for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours 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)
How many digits of HSN Code 60053300 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 60053300 for accurate classification of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours.
Can I claim input tax credit on Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours purchases?
Yes, registered businesses can claim input tax credit on Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours purchases made under HSN 60053300. 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 60053300?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours 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 Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours domestically?
No, Import Export Code is only required if you plan to import or export Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Synthetic Fibres : Of Yarns Of Different Colours internationally. For domestic trade within Knitted Or Crocheted Fabrics, GST registration is sufficient.
