HSN Code 60053700 provides the tax classification for Other, Dyed under Chapter 60 – Knitted Or Crocheted Fabrics of the GST tariff. Businesses dealing in Other, Dyed must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized unit of measurement is 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 60053700

The tax structure for Other, Dyed under HSN Code 60053700 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 60 – Knitted Or Crocheted Fabrics.

Who Should Use HSN Code 60053700?

Every entity transacting in Other, Dyed must quote HSN Code 60053700 on invoices. This includes traders, distributors, and e-commerce sellers operating under Knitted Or Crocheted Fabrics. Chapter 60 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Starting a business involving Other, Dyed? GST registration is mandatory for collecting and remitting taxes on HSN 60053700 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

Accurate HSN Code 60053700 usage for Other, Dyed simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 60 – Knitted Or Crocheted Fabrics to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 60053700 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 60053700 for accurate classification of Other, Dyed.

Can I claim input tax credit on Other, Dyed purchases?

Yes, registered businesses can claim input tax credit on Other, Dyed purchases made under HSN 60053700. 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 60053700?

CGST at 2.50% plus SGST/UTGST at 2.50% applies when Other, Dyed 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 Other, Dyed domestically?

No, Import Export Code is only required if you plan to import or export Other, Dyed internationally. For domestic trade within Knitted Or Crocheted Fabrics, GST registration is sufficient.

More HSN codes from Chapter 60

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