What products are classified under HSN 51062020 ?
It includes Worsted hosiery yarn, >85% wool
HSN Code 51062020 represents Munga woollen yarn: <85% wool under GST classification. This code helps businesses identify Munga woollen yarn: <85% wool correctly for billing, taxation, and trade. With HSN Code 51062020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Munga woollen yarn: <85% wool.
HSN Code 51062020 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 5106 | Yarn of carded wool, not put up for retail sale | Containing less than 85% by weight of wool : Munga woollen yarn | 2.5% | 2.5% | 5% | 0% |
Munga woollen yarn: <85% wool does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Containing 85% or more by weight of wool : Shoddy woollen yarn | |
| Containing 85% or more by weight of wool : Munga woollen yarn | |
| Containing 85% or more by weight of wool : Other | |
| Containing less than 85% by weight of wool : Shoddy woollen yarn | |
| Containing less than 85% by weight of wool : Other |
Containing 85% or more by weight of wool : Shoddy woollen yarn
Containing 85% or more by weight of wool : Munga woollen yarn
Containing 85% or more by weight of wool : Other
Containing less than 85% by weight of wool : Shoddy woollen yarn
Containing less than 85% by weight of wool : Other
It includes Worsted hosiery yarn, >85% wool
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Munga woollen yarn: <85% wool; Nil for exempt items if applicable).
Under HSN 51062020, Munga woollen yarn: <85% wool attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.