Chapter 60 of the GST framework covers Knitted Or Crocheted Fabrics, and HSN Code 60054300 specifically identifies Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours 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 Artificial Fibres : Of Yarns Of Different Colours. Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 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 60054300
The tax structure for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours under HSN Code 60054300 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 60 – Knitted Or Crocheted Fabrics.
Who Should Use HSN Code 60054300?
Every entity transacting in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours must quote HSN Code 60054300 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
Looking to deal in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours? GST registration is your first compliance requirement for HSN 60054300 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
Proper use of HSN Code 60054300 for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours 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)
Where can I find the official GST rate for HSN 60054300?
Official GST rates for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours under HSN 60054300 are published in government notifications and the CBIC website. Current rates are CGST 0.025, SGST/UTGST 0.025, and IGST 0.05.
Do online marketplaces need to mention HSN 60054300?
Yes, online marketplaces and e-commerce operators selling Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours must mention HSN Code 60054300 on invoices. This Knitted Or Crocheted Fabrics classification applies to all sales channels under Chapter 60.
What documents are needed for company registration to trade in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours under HSN 60054300.
How often do GST rates change for Knitted Or Crocheted Fabrics products?
GST rates for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Of Yarns Of Different Colours and other Knitted Or Crocheted Fabrics products under Chapter 60 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.025, 0.025, and 0.05 revisions.
