What products are classified under HSN 50050021 ?
It includes Silk Embroidery Thread
HSN Code 50050021 represents Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale under GST classification. This code helps businesses identify Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale correctly for billing, taxation, and trade. With HSN Code 50050021, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale.
HSN Code 50050021 relates to the following description:
Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale 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 : Containing 85% or more by weight of silk waste : From 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 : Containing 85% or more by weight of silk waste : From noil silk
Yarn spun from silk waste, not put up for retail sale : From noil silk
It includes Silk Embroidery Thread
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 separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale; Nil for exempt items if applicable).
Under HSN 50050021, Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale 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.
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.