What products are classified under HSN 55070020 ?
It includes High Wet Modulus Tops
HSN Code 55070020 represents Viscose Tops under GST classification. This code helps businesses identify Viscose Tops correctly for billing, taxation, and trade. With HSN Code 55070020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Viscose Tops.
HSN Code 55070020 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 55 | Man-made staple fibres | 5507 | Artificial staple fibres, carded, combed or otherwise processed for spinning | Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops | 9% | 9% | 18% | 0% |
Viscose Tops does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops | |
| Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops | |
| Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops | |
| Artificial staple fibres, carded, combed or otherwise processed for spinning : Other |
Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Other
It includes High Wet Modulus Tops
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Viscose Tops; Nil for exempt items if applicable).
Under HSN 55070020, Viscose Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.