GST Rates and HSN Code for Yarn Spun From Silk Waste - No Retail Sale

Yarn Spun From Silk Waste is a popular textile product used by various industries for manufacturing different textile products. It is a result of the spinning of silk waste, which is the leftover material from silk production. The Indian Government has set specific GST rates and HSN codes to regulate and tax the sale of this product. This article provides a detailed explanation of the GST rates and HSN codes for Yarn Spun From Silk Waste, No Retail Sale.

What is Yarn Spun From Silk Waste?

Yarn Spun From Silk Waste is a textile product made by spinning the leftover material from the production of silk. Silk production involves the use of silkworms, and the leftover material from this process is called silk waste. This material is cleaned, carded, and then spun to make yarn. Yarn Spun From Silk Waste is a unique product that has a soft and silky texture and is used for manufacturing different textile products.

Uses and Benefits of Yarn Spun From Silk Waste

Yarn Spun From Silk Waste is used for manufacturing various textile products, such as sarees, dress materials, curtains, and pillow covers. This product has a unique texture and is known for its softness and luster. It is also used for making luxurious and high-end products, such as silk shawls and scarves. Yarn Spun From Silk Waste is considered to be eco-friendly as it is made from waste material and does not require any additional resources for its production.

GST Rates for Yarn Spun From Silk Waste - No Retail Sale

The GST rates for Yarn Spun From Silk Waste, No Retail Sale, are set at 5%. This rate applies to the sale of Yarn Spun From Silk Waste in bulk quantities, and the product is not intended for retail sale. The GST rates for Yarn Spun From Silk Waste are regulated by the Indian Government to ensure that the product is taxed at a reasonable rate.

HSN Code for Yarn Spun From Silk Waste - No Retail Sale

The HSN code for Yarn Spun From Silk Waste, No Retail Sale, is 5005. This code is used to classify the product and is used for tax purposes. The HSN code for Yarn Spun From Silk Waste is regulated by the Indian Government to ensure that the product is taxed correctly and falls under the appropriate category.

Conclusion

Understanding the GST rates and HSN codes for Yarn Spun From Silk Waste is important for small and medium businesses in India. The Indian Government has set specific rates and codes for this product to regulate and tax its sale. Yarn Spun From Silk Waste is a unique product with various uses and benefits, and its eco-friendliness makes it a popular choice among different industries.