What products are classified under HSN 50020020 ?
It includes Silk Waste Yarn
HSN Code 50020020 represents Raw silk (not thrown) : Mulberry dupion silk under GST classification. This code helps businesses identify Raw silk (not thrown) : Mulberry dupion silk correctly for billing, taxation, and trade. With HSN Code 50020020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw silk (not thrown) : Mulberry dupion silk.
HSN Code 50020020 relates to the following description:
Raw silk (not thrown) : Mulberry dupion silk does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Raw silk (not thrown) : Mulberry raw silk | |
| Raw silk (not thrown) : Non-mulberry silk |
Raw silk (not thrown) : Mulberry raw silk
Raw silk (not thrown) : Non-mulberry silk
It includes Silk Waste Yarn
Under HSN 50020020, Raw silk (not thrown) : Mulberry dupion silk attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Raw silk (not thrown) : Mulberry dupion silk; Nil for exempt items if applicable).
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.