HSN Code 63049992 provides the tax classification for Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom under Chapter 63 – Other Made Up Textile Article of the GST tariff. Businesses dealing in Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.5/6%, SGST/UTGST at 2.5/6%, and IGST at 5/12%. The recognized unit of measurement is u.

HSN Codes under Chapter 63 – Other Made Up Textile Article

Below are related HSN codes from Chapter 63 – Other Made Up Textile Article for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Other Made Up Textile Article... 63011000 Blankets And Travelling Rugs Electric Blankets 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63012000 Blankets And Travelling Rugs-Blankets (Other Than ... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63013000 Blankets And Travelling Rugs Blankets (Other Than ... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63014000 Blankets And Travelling Rugs Blankets (Other Than ... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63019010 Blankets And Travelling Rugs Other Blankets And Tr... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63019090 Blankets And Travelling Rugs Other Blankets And Tr... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63021010 Bed Linen, Table Linen, Toilet Linen And Kitchen L... 2.5%/6% 2.5%/6% 5/12%
Other Made Up Textile Article... 63021090 Bed Linen, Table Linen, Toilet Linen And Kitchen L... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63022110 Bed Linen, Table Linen, Toilet Linen And Kitchen L... 2.5/6% 2.5/6% 5/12%
Other Made Up Textile Article... 63022190 Bed Linen, Table Linen, Toilet Linen And Kitchen L... 2.5/6% 2.5/6% 5/12%

GST Rates for HSN 63049992

For Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom classified under HSN Code 63049992, tax computation follows GST principles. CGST at 2.5/6% plus SGST/UTGST at 2.5/6% covers intrastate sales. IGST at 5/12% applies to interstate transactions. u is the prescribed measurement for Other Made Up Textile Article under Chapter 63.

Who Should Use HSN Code 63049992?

All businesses supplying Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom are obligated to use HSN 63049992 on tax invoices. From producers to retailers within Other Made Up Textile Article, Chapter 63 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Entering the Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom market requires essential registrations. GST registration enables legal tax collection on HSN 63049992 goods. For cross-border trade in Other Made Up Textile Article 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 63049992 application for Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom ensures smooth input credit utilization and assessment processes. Track 2.5/6%, 2.5/6%, and 5/12% rate changes for Chapter 63 – Other Made Up Textile Article through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 63049992 used for?

HSN Code 63049992 is used to classify Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom under Chapter 63 – Other Made Up Textile Article 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 63049992?

For Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom, CGST applies at 2.5/6% and SGST/UTGST at 2.5/6% for intrastate supplies. Interstate transactions are taxed under IGST at 5/12%.

Do I need GST registration to trade in Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom?

Yes, GST registration is mandatory for businesses dealing in Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom under HSN 63049992. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Other Furnishing Articles - Not Knitted Or Crocheted, Of Other Textile Material - Of Wool, Handloom?

For importing goods under Other Made Up Textile Article, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 63

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