What products are classified under HSN 5306
It includes Flax yarn
HSN Sub Chapter 5306 represents Flax yarn under GST classification. This code helps businesses identify Flax yarn correctly for billing, taxation, and trade. With HSN Sub Chapter 5306, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Flax yarn.
GST Rate for Flax yarn under HSN Code 5306. 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 |
|---|---|---|---|---|
| 53 | 5306 | Flax yarn: All goods [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled | 5% | 5% |
Chapter: 53
Description: Flax yarn: All goods [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled
Following Tariff HSN code falls under Flax yarn:
| Tariff HSN | Description |
|---|---|
| Single : Put up for retail sale | |
| Single : Put up for retail sale | |
| Single : Other | |
| Single : Other | |
| Multiple (folded) or cabled : Put up for retail sale | |
| Multiple (folded) or cabled : Put up for retail sale | |
| Multiple (folded) or cabled : Other | |
| Multiple (folded) or cabled : Other |
Single : Put up for retail sale
Single : Put up for retail sale
Single : Other
Single : Other
Multiple (folded) or cabled : Put up for retail sale
Multiple (folded) or cabled : Put up for retail sale
Multiple (folded) or cabled : Other
Multiple (folded) or cabled : Other
It includes Flax yarn
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.
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.
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.
If your outward supply of Flax 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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Flax yarn are forward charge. Check the current notifications for any special cases before deciding.
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.