Under the GST regime, HSN Code 60054200 classifies Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed 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 Artificial Fibres : Dyed. 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 60054200
For Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed classified under HSN Code 60054200, 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 60054200?
All businesses supplying Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed are obligated to use HSN 60054200 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
Starting a business involving Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed? GST registration is mandatory for collecting and remitting taxes on HSN 60054200 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
Proper use of HSN Code 60054200 for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed streamlines audit processes and supports valid credit claims. Stay updated on 0.025, 0.025, and 0.05 rates for Chapter 60 – Knitted Or Crocheted Fabrics through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 60054200 belong to?
HSN Code 60054200 falls under Chapter 60 – Knitted Or Crocheted Fabrics in the GST tariff schedule. This chapter covers various goods including Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed.
Is IGST applicable on Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed?
Yes, IGST at 0.05 is applicable when Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed 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 60054200?
Yes, e-commerce sellers dealing in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Dyed must use HSN 60054200 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.
