Under the GST regime, HSN Code 60053500 classifies Fabrics Specified In Sub-Heading Note 1 To This Chapter within Chapter 60 – Knitted Or Crocheted Fabrics. This code is essential for businesses to correctly calculate and remit taxes on Fabrics Specified In Sub-Heading Note 1 To This Chapter. The applicable rates are CGST at 0.025, SGST/UTGST at 0.025 for within-state sales, and IGST at 0.05 for interstate supplies. Goods are quantified using 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 60053500
For Fabrics Specified In Sub-Heading Note 1 To This Chapter classified under HSN Code 60053500, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. kg. is the prescribed measurement for Knitted Or Crocheted Fabrics under Chapter 60.
Who Should Use HSN Code 60053500?
All businesses supplying Fabrics Specified In Sub-Heading Note 1 To This Chapter are obligated to use HSN 60053500 on tax invoices. From producers to retailers within Knitted Or Crocheted Fabrics, Chapter 60 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Fabrics Specified In Sub-Heading Note 1 To This Chapter? Complete GST registration to legally collect taxes on goods under HSN 60053500. Businesses importing or exporting Knitted Or Crocheted Fabrics products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 60053500 application for Fabrics Specified In Sub-Heading Note 1 To This Chapter ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 60 – Knitted Or Crocheted Fabrics through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 60053500 belong to?
HSN Code 60053500 falls under Chapter 60 – Knitted Or Crocheted Fabrics in the GST tariff schedule. This chapter covers various goods including Fabrics Specified In Sub-Heading Note 1 To This Chapter.
Is IGST applicable on Fabrics Specified In Sub-Heading Note 1 To This Chapter?
Yes, IGST at 0.05 is applicable when Fabrics Specified In Sub-Heading Note 1 To This Chapter is supplied interstate or imported. For local sales within a state, CGST at 0.025 and SGST/UTGST at 0.025 apply instead.
Can e-commerce sellers use HSN Code 60053500?
Yes, e-commerce sellers dealing in Fabrics Specified In Sub-Heading Note 1 To This Chapter must use HSN 60053500 on their invoices. This applies to all online platforms operating under Knitted Or Crocheted Fabrics classification.
How do I start an import business for Knitted Or Crocheted Fabrics goods?
To import goods under Knitted Or Crocheted Fabrics, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
