What products are classified under HSN 50050012 ?
It includes Yarn spun from silk waste, not put up for retail sale : From noil silk
HSN Code 50050012 represents Noil Silk Yarn under GST classification. This code helps businesses identify Noil Silk Yarn correctly for billing, taxation, and trade. With HSN Code 50050012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Noil Silk Yarn.
HSN Code 50050012 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 50 | Silk | 5005 | Yarn spun from silk waste, not put up for retail sale | Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : From noil silk | 2.5% | 2.5% | 5% | 0% |
Noil Silk Yarn does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk | |
| Yarn spun from silk waste, not put up for retail sale : Other than noil silk | |
| Yarn spun from silk waste, not put up for retail sale : From noil silk |
Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk
Yarn spun from silk waste, not put up for retail sale : Other than noil silk
Yarn spun from silk waste, not put up for retail sale : From noil silk
It includes Yarn spun from silk waste, not put up for retail sale : From noil silk
Under HSN 50050012, Noil Silk Yarn 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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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 Noil Silk Yarn; Nil for exempt items if applicable).
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.