What products are classified under HSN 50031020 ?
It includes Other Silk Waste
HSN Code 50031020 represents Silk Yarn and Yarn of Silk Waste under GST classification. This code helps businesses identify Silk Yarn and Yarn of Silk Waste correctly for billing, taxation, and trade. With HSN Code 50031020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silk Yarn and Yarn of Silk Waste.
HSN Code 50031020 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 50 | Silk | 5003 | Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) | Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Tussar silk waste | 0% | 0% | 0% | 0% |
Silk Yarn and Yarn of Silk Waste does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Mulberry silk waste | |
| Tussar silk waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Eri waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Munga waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Other | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed mulberry silk waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed other | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : mulberry silk waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : tussar waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : eri waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : munga waste | |
| Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : other |
Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Mulberry silk waste
Tussar silk waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Eri waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Munga waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Other
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed mulberry silk waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed other
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : mulberry silk waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : tussar waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : eri waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : munga waste
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : other
It includes Other 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.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silk Yarn and Yarn of Silk Waste; Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 50031020, Silk Yarn and Yarn of Silk Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.