What products are classified under HSN 50020030 ?
It includes Silk Yarn and Yarn of Silk Waste
HSN Code 50020030 represents Raw Silk | Non-Mulberry Silk under GST classification. This code helps businesses identify Raw Silk | Non-Mulberry Silk correctly for billing, taxation, and trade. With HSN Code 50020030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw Silk | Non-Mulberry Silk.
HSN Code 50020030 relates to the following description:
Raw Silk | Non-Mulberry Silk does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Raw silk (not thrown) : Mulberry raw silk | |
| Raw silk (not thrown) : Mulberry dupion silk |
Raw silk (not thrown) : Mulberry raw silk
Raw silk (not thrown) : Mulberry dupion silk
It includes Silk Yarn and Yarn of Silk Waste
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Raw Silk / Non-Mulberry Silk; Nil for exempt items if applicable).
Under HSN 50020030, Raw Silk / Non-Mulberry 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.
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.
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.