60059000 is the designated HSN classification for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other, categorized under Chapter 60 – Knitted Or Crocheted Fabrics in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 60059000
The taxation of Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other under HSN Code 60059000 depends on supply location. Intrastate transactions require CGST at 0.025 and SGST/UTGST at 0.025. Interstate supplies are charged IGST at 0.05. Invoices should consistently use kg. for Knitted Or Crocheted Fabrics goods under Chapter 60.
Who Should Use HSN Code 60059000?
Any business engaged in supplying Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other must apply HSN 60059000 on invoices. The Knitted Or Crocheted Fabrics category under Chapter 60 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
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 - Other? GST registration is mandatory for collecting and remitting taxes on HSN 60059000 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
Correct HSN Code 60059000 application for Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other 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)
What is HSN Code 60059000 used for?
HSN Code 60059000 is used to classify Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other under Chapter 60 – Knitted Or Crocheted Fabrics for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 60059000?
For Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Do I need GST registration to trade in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other?
Yes, GST registration is mandatory for businesses dealing in Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other under HSN 60059000. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Warp Knit Fabrics (Including Those Made On Galloon Knitting Machines), Other Than Those Of Headings 6001 To 6004 - Other?
For importing goods under Knitted Or Crocheted Fabrics, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
