What products are classified under HSN 55051010 ?
It includes Of Artificial Fibres
HSN Code 55051010 represents Of Synthetic Fibers | Of Acrylic under GST classification. This code helps businesses identify Of Synthetic Fibers | Of Acrylic correctly for billing, taxation, and trade. With HSN Code 55051010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Of Synthetic Fibers | Of Acrylic.
HSN Code 55051010 relates to the following description:
Of Synthetic Fibers | Of Acrylic does not include products with the following descriptions:
Of synthetic fibers : Other
Of artificial fibres
It includes Of Artificial Fibres
Under HSN 55051010, Of Synthetic Fibers / Of Acrylic attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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.
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 Of Synthetic Fibers / Of Acrylic; 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.