What products are classified under HSN 50040090 ?
It includes Noil Silk Yarn
HSN Code 50040090 represents Other Silk Yarn (Non-Retail) under GST classification. This code helps businesses identify Other Silk Yarn (Non-Retail) correctly for billing, taxation, and trade. With HSN Code 50040090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other Silk Yarn (Non-Retail).
HSN Code 50040090 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 50 | Silk | 5004 | Silk yarn (other than yarn spun from silk waste) not put up for retail sale | Silk yarn (other than yarn spun from silk waste) not put up for retail sale : Other | 2.5% | 2.5% | 5% | 0% |
Other Silk Yarn (Non-Retail) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Silk yarn (other than yarn spun from silk waste) not put up for retail sale : 100% mulberry dupion silk yarn |
Silk yarn (other than yarn spun from silk waste) not put up for retail sale : 100% mulberry dupion silk yarn
It includes Noil Silk Yarn
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 Other Silk Yarn (Non-Retail); 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.
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.