What products are classified under HSN 60031000 ?
It includes Of Artificial Fibres
HSN Code 60031000 represents Of wool or fine animal hair under GST classification. This code helps businesses identify Of wool or fine animal hair correctly for billing, taxation, and trade. With HSN Code 60031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Of wool or fine animal hair.
HSN Code 60031000 relates to the following description:
Of wool or fine animal hair does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Of cotton | |
| Of synthetic fibres | |
| Of artificial fibres | |
| Other |
Of cotton
Of synthetic fibres
Of artificial fibres
Other
It includes Of Artificial 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.
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 Of wool or fine animal hair; Nil for exempt items if applicable).
Under HSN 60031000, Of wool or fine animal hair 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.
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.