What products are classified under HSN 55041020 ?
It includes Unbleached Other Synthetic Staple Fibres Fabric Wool Blend
HSN Code 55041020 represents Other Synthetic Staple Fibres Yarn under GST classification. This code helps businesses identify Other Synthetic Staple Fibres Yarn correctly for billing, taxation, and trade. With HSN Code 55041020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other Synthetic Staple Fibres Yarn.
HSN Code 55041020 relates to the following description:
Other Synthetic Staple Fibres Yarn does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Artificial staple fibres, not carded, combed or otherwise processed for spinning - of viscose rayon | |
| Obtained from wood other than bamboo | |
| Of viscose rayon: Obtained from wood other than bamboo :Flame retardant Viscose Rayon fibre | |
| Of viscose rayon: Obtained from wood other than bamboo : Other | |
| Of viscose rayon: Obtained from bamboo :Flame retardant Viscose Rayon fibre | |
| Of viscose rayon: Obtained from bamboo : Other | |
| Of viscose rayon: Other | |
| Other : Acetate rayon staple fibre | |
| Other : Polynosic staple fibre | |
| Other : High wet modulus staple fibre | |
| Other : Other |
Artificial staple fibres, not carded, combed or otherwise processed for spinning - of viscose rayon
Obtained from wood other than bamboo
Of viscose rayon: Obtained from wood other than bamboo :Flame retardant Viscose Rayon fibre
Of viscose rayon: Obtained from wood other than bamboo : Other
Of viscose rayon: Obtained from bamboo :Flame retardant Viscose Rayon fibre
Of viscose rayon: Obtained from bamboo : Other
Of viscose rayon: Other
Other : Acetate rayon staple fibre
Other : Polynosic staple fibre
Other : High wet modulus staple fibre
Other : Other
It includes Unbleached Other Synthetic Staple Fibres Fabric Wool Blend
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.
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.
Under HSN 55041020, Other Synthetic Staple Fibres Yarn 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 Other Synthetic Staple Fibres Yarn; 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.
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.