What products are classified under HSN 5002
It includes Raw silk
HSN Sub Chapter 5002 represents Raw silk under GST classification. This code helps businesses identify Raw silk correctly for billing, taxation, and trade. With HSN Sub Chapter 5002, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw silk.
GST Rate for Raw silk under HSN Code 5002. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 50 | 5002 | Raw silk (not thrown) | 18% | 18% |
Following Tariff HSN code falls under Raw silk:
| Tariff HSN | Description |
|---|---|
| Raw silk (not thrown) : Mulberry raw silk | |
| Raw silk (not thrown) : Mulberry dupion silk | |
| Raw silk (not thrown) : Non-mulberry silk |
Raw silk (not thrown) : Mulberry raw silk
Raw silk (not thrown) : Mulberry dupion silk
Raw silk (not thrown) : Non-mulberry silk
It includes Raw silk
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.