HSN Code 55070040: High Wet Modulus Tops
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 or export of High Wet Modulus Tops.
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Description of Goods for HSN Code 55070040
HSN Code 55070040 relates to the following description.
What does HSN Code 55070040 not include?
High Wet Modulus Tops does not include products with the following descriptions.
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
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Frequently Asked Questions
Clear answers to common queries about HSN Code 55070040 and GST compliance.
What products are classified under HSN 55070040 ?
It includes Of synthetic staple fibres
Any common misclassification issue with High Wet Modulus Tops?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Can we claim ITC on inputs used to trade High Wet Modulus Tops?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
How much GST applies to High Wet Modulus Tops?
Under HSN 55070040, High Wet Modulus Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for High Wet Modulus Tops?
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.
How should mixed supplies be billed when High Wet Modulus Tops is sold with other items?
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).