What products are classified under HSN 50020010 ?
It includes Raw Silk | Non-Mulberry Silk
HSN Code 50020010 represents Raw Silk | Mulberry Raw Silk under GST classification. This code helps businesses identify Raw Silk | Mulberry Raw Silk correctly for billing, taxation, and trade. With HSN Code 50020010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw Silk | Mulberry Raw Silk.
HSN Code 50020010 relates to the following description:
Raw Silk | Mulberry Raw Silk does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Raw silk (not thrown) : Mulberry dupion silk | |
| Raw silk (not thrown) : Non-mulberry silk |
Raw silk (not thrown) : Mulberry dupion silk
Raw silk (not thrown) : Non-mulberry silk
It includes Raw Silk | Non-Mulberry Silk
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
Under HSN 50020010, Raw Silk / Mulberry Raw Silk attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Raw Silk / Mulberry Raw Silk; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.