GST Rate & HSN Code for Man-made Filaments, Strips, and Similar Materials - Chapter 54

As a small or medium business owner or startup founder in India, it is important to understand the GST rates and HSN codes for different products and materials. In this article, we will focus on man-made filaments, strips, and similar materials made from textile material.

Chapter 54 of GST Rates & HSN Codes

Chapter 54 of GST Rates & HSN Codes pertains to man-made filaments, strips, and similar materials made from textile material.

GST Rates for Man-made Filaments, Strips, and Similar Materials

The GST rates for man-made filaments, strips, and similar materials made from textile material are as follows:

5% GST for man-made filament yarn and strip, artificial filament yarn and strip, and synthetic filament yarn and strip
12% GST for man-made filament fiber and staple fiber, artificial filament fiber and staple fiber, and synthetic filament fiber and staple fiber

HSN Codes for Man-made Filaments, Strips, and Similar Materials

The HSN codes for man-made filaments, strips, and similar materials made from textile material are as follows:

Man-made filament yarn and strip, artificial filament yarn and strip, and synthetic filament yarn and strip have an HSN code of 5402
Man-made filament fiber and staple fiber, artificial filament fiber and staple fiber, and synthetic filament fiber and staple fiber have an HSN code of 5403

Conclusion

As a small or medium business owner or startup founder, it is important to understand the GST rates and HSN codes for the products and materials you deal with. Understanding the GST rates and HSN codes for man-made filaments, strips, and similar materials made from textile material can help you with tax compliance and avoid any penalties or fines.