60063200 is the designated HSN classification for Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed, categorized under Chapter 60 – Knitted Or Crocheted Fabrics in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed 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 60063200
Tax liability for Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed under HSN 60063200 varies by transaction geography. CGST at 0.025 combined with SGST/UTGST at 0.025 applies to local sales. Interstate movement attracts IGST at 0.05. All billing for Chapter 60 – Knitted Or Crocheted Fabrics products must use kg..
Who Should Use HSN Code 60063200?
All businesses supplying Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed are obligated to use HSN 60063200 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
Entering the Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed market requires essential registrations. GST registration enables legal tax collection on HSN 60063200 goods. For cross-border trade in Knitted Or Crocheted Fabrics items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 60063200 application for Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed 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)
How many digits of HSN Code 60063200 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 60063200 for accurate classification of Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed.
Can I claim input tax credit on Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed purchases?
Yes, registered businesses can claim input tax credit on Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed purchases made under HSN 60063200. 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 60063200?
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed 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 Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed domestically?
No, Import Export Code is only required if you plan to import or export Other Knitted Or Crocheted Fabrics- Of Synthetic Fibres: Dyed internationally. For domestic trade within Knitted Or Crocheted Fabrics, GST registration is sufficient.
