5507 HSN Code: Retail silk yarn

HSN Sub Chapter 5507 represents Retail silk yarn under GST classification. This code helps businesses identify Retail silk yarn correctly for billing, taxation, and trade. With HSN Sub Chapter 5507, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Retail silk yarn.

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Chapter No	HSN Code	HSN Description	New GST Rate	Old GST Rate
55	5507	Artificial staple fibres, carded, combed or otherwise processed for spinning	18%	18%

HSN Code 5507

Chapter: 55

Description: Artificial staple fibres, carded, combed or otherwise processed for spinning

New GST Rate: 18% Old GST Rate: 18%

Tariff HSN	Description
55070010	Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops
55070020	Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops
55070030	Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
55070040	Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops
55070090	Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

HSN Code 55070010

Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops

HSN Code 55070020

Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops

HSN Code 55070030

Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops

HSN Code 55070040

Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops

HSN Code 55070090

Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

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What products are classified under HSN 5507

It includes Retail silk yarn

Is the composition scheme suitable if I mainly trade Retail silk 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.

Does packaging or branding change how GST applies to Retail silk yarn?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Retail silk yarn is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Any special steps when selling Retail silk yarn through an e‑commerce platform?

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.

Can I claim ITC on inputs and services used for Retail silk yarn?

If your outward supply of Retail silk 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 misclassification mistakes happen with Retail silk 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.

Does MRP, weight or pack size change GST treatment for Retail silk yarn?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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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