What products are classified under HSN 55070040 ?
It includes Of synthetic staple fibres
HSN Code 55070040 represents High Wet Modulus Tops under GST classification. This code helps businesses identify High Wet Modulus Tops correctly for billing, taxation, and trade. With HSN Code 55070040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of High Wet Modulus Tops.
HSN Code 55070040 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 : High wet modulus tops | 9% | 9% | 18% | 0% |
High Wet Modulus 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 : Viscose tops | |
| Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic 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 : Viscose tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Other
It includes Of synthetic staple fibres
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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 55070040, High Wet Modulus Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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 separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for High Wet Modulus Tops; 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.