5005 HSN Code: Silk waste yarn

HSN Sub Chapter 5005 represents Silk waste yarn under GST classification. This code helps businesses identify Silk waste yarn correctly for billing, taxation, and trade. With HSN Sub Chapter 5005, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silk waste yarn.

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Chapter No	HSN Code	HSN Description	New GST Rate	Old GST Rate
50	5005	Yarn spun from silk waste, not put up for retail sale	0%	0%

HSN Code 5005

Chapter: 50

Description: Yarn spun from silk waste, not put up for retail sale

New GST Rate: 0% Old GST Rate: 0%

Tariff HSN	Description
50050011	Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk
50050012	Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : From noil silk
50050021	Yarn spun from silk waste, not put up for retail sale : Other than noil silk
50050022	Yarn spun from silk waste, not put up for retail sale : From noil silk

HSN Code 50050011

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk

HSN Code 50050012

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : From noil silk

HSN Code 50050021

Yarn spun from silk waste, not put up for retail sale : Other than noil silk

HSN Code 50050022

Yarn spun from silk waste, not put up for retail sale : From noil silk

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What products are classified under HSN 5005

It includes Silk waste yarn

What misclassification mistakes happen with Silk waste yarn?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Is the composition scheme suitable if I mainly trade Silk waste yarn?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Can I claim ITC on inputs and services used for Silk waste yarn?

If your outward supply of Silk waste yarn is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

What should my invoice and records include for Silk waste yarn?

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.

Any import/export nuance for Silk waste yarn?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

Important Disclaimer

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.

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