Under the GST regime, HSN Code 60064300 classifies Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours within Chapter 60 – Knitted Or Crocheted Fabrics. This code is essential for businesses to correctly calculate and remit taxes on Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours. 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 60064300
Tax liability for Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours under HSN 60064300 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 60064300?
Manufacturers, wholesalers, retailers, and exporters dealing in Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours are required to mention HSN 60064300 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
Planning to trade in Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours? Complete GST registration to legally collect taxes on goods under HSN 60064300. Businesses importing or exporting Knitted Or Crocheted Fabrics products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 60064300 for Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours 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 60064300 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 60064300 for accurate classification of Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours.
Can I claim input tax credit on Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours purchases?
Yes, registered businesses can claim input tax credit on Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours purchases made under HSN 60064300. 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 60064300?
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours 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 Artificial Fibres : Of Yarns Of Different Colours domestically?
No, Import Export Code is only required if you plan to import or export Other Knitted Or Crocheted Fabrics- Of Artificial Fibres : Of Yarns Of Different Colours internationally. For domestic trade within Knitted Or Crocheted Fabrics, GST registration is sufficient.
