HSN Code 50031020: Silk Yarn and Yarn of 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 or export of Silk Yarn and Yarn of Silk Waste.
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Description of Goods for HSN Code 50031020
HSN Code 50031020 relates to the following description.
What does HSN Code 50031020 not include?
Silk Yarn and Yarn of Silk Waste does not include products with the following descriptions.
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
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Frequently Asked Questions
Clear answers to common queries about HSN Code 50031020 and GST compliance.
What products are classified under HSN 50031020 ?
It includes Other Silk Waste
Can we claim ITC on inputs used to trade 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.
Does packaging or labelling change the GST for Silk Yarn and Yarn of Silk Waste?
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.
How should mixed supplies be billed when Silk Yarn and Yarn of Silk Waste is sold with other items?
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).
Any common misclassification issue with Silk Yarn and Yarn of Silk Waste?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How much GST applies to Silk Yarn and Yarn of Silk Waste?
Under HSN 50031020, Silk Yarn and Yarn of Silk Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice.