Under the GST regime, HSN Code 60054400 classifies Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed 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 : Printed. 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 60054400
For Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed classified under HSN Code 60054400, 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 60054400?
Manufacturers, wholesalers, retailers, and exporters dealing in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed are required to mention HSN 60054400 on all tax documents. This classification under Knitted Or Crocheted Fabrics applies to businesses of all sizes operating within Chapter 60. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Commencing trade in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed? Secure GST registration to handle taxes on HSN 60054400 classified goods. Businesses with international operations in Knitted Or Crocheted Fabrics need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Accurate application of HSN Code 60054400 for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 60 – Knitted Or Crocheted Fabrics should monitor rate updates (0.025, 0.025, 0.05) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 60054400 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 60054400 for accurate classification of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed.
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 Artificial Fibres : Printed 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 Artificial Fibres : Printed purchases made under HSN 60054400. Ensure your supplier mentions correct HSN code and GST rates (0.025, 0.025) on the invoice.
What is the difference between CGST and IGST for HSN 60054400?
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Of Artificial Fibres : Printed is sold within the same state. IGST at 0.05 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 Artificial Fibres : Printed 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 Artificial Fibres : Printed internationally. For domestic trade within Knitted Or Crocheted Fabrics, GST registration is sufficient.
