What products are classified under HSN 52021000 ?
It includes Cotton Waste and Garnetted Stock
HSN Code 52021000 represents Yarn Waste (Including Thread Waste) under GST classification. This code helps businesses identify Yarn Waste (Including Thread Waste) correctly for billing, taxation, and trade. With HSN Code 52021000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Yarn Waste (Including Thread Waste).
HSN Code 52021000 relates to the following description:
Yarn Waste (Including Thread Waste) does not include products with the following descriptions:
Other : Garnetted stock
Other :Other
It includes Cotton Waste and Garnetted Stock
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 52021000, Yarn Waste (Including Thread Waste) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Yarn Waste (Including Thread Waste); Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.