GST tariff on manmade staple fibres
Manmade staple fibres falls under HSN code chapter 55 of GST commodity tariff schedule. The details about GST rate changes for sale of Manmade staple fibres are being updated here. The notification changes on exemptions for GST for sale of Manmade staple fibres and other circulars related to GST on manmade staple fibres are updated in this website.
Update on 4thJUNE, 2017: GST rates on goods
5% GST RATE:
1. Fabrics of manmade staple fibres [GST HSN chapter code 5512, GST HSN chapter code 5513, GST HSN chapter code 5514, GST HSN chapter code 5515, GST HSN chapter code 5516] [With no refund of ITC accumulation]
Reduced GST Rates on 9th September 2017
Present GST rate Reduced GST rate
55 Khadi fabric, sold through Khadi and 5% Nil
Village Industrries Commission’s outlets
The 45th GST council meeting was held on 17th September 2021 and the following decisions had been taken regarding GST rates.
(2) GST rate changes to correct the inverted tax structure:
GST increased to 12% from 5% for textiles with HSN codes 51, 52, 53, 54, 55, 56, 58, 60, 63 and 64 such as woven as well as knitted fabrics, knitting, saree falls, embroidery works, curtains bed linen and home furnishings. It also includes dyeing services.
Changes were notified vide the Central Tax (Rate) notification no. 14/2021 and 15/2021 dated 18th November 2021, recommended at the 45th GST Council meeting.
18% GST RATE:
1. Synthetic or artificial filament tow [GST HSN chapter code 5501, GST HSN chapter code 5502]
2. Synthetic or artificial staple fibres [GST HSN chapter code 5503, GST HSN chapter code 5504, GST HSN chapter code 5506, GST HSN chapter code 5507]
3. Waste of manmade fibres [GST HSN chapter code 5505]
4. Sewing thread of manmade staple fibres [GST HSN chapter code 5508]
Reduced GST Rates on 06th October, 2017
earlier rate new rate
5508 Sewing thread of manmade staple 18% 12%
fibres
5. Yarn of manmade staple fibres [GST HSN chapter code 5509, GST HSN chapter code 5510, GST HSN chapter code 5511]
Reduced GST Rates on 06th October, 2017
earlier rate new rate
5509, 5510, Yarn of manmade staple fibres 18% 12%
5511
In India, GST is payable on Manmade staple fibres. However, some of the categories of business under HSN code 55 are expected to be exempted from paying GST. The list of exempted commodities and services under GST is expected to be released soon.
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
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GST for manmade staple fibres in India
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The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under:
GST tax on woven fabric, sync set fib un 85%, cot mix, n/ov170g/m2
Goods and Service Tax rate on woven fabrics of synthetic staple fibres not elsewhere mentioned
Goods and Service Tax slab on not retail, art staple, fib yarn (no sew thread)
GST slab on woven fabrics of synthetic staple fibres not elsewhere mentioned
GST slab rate on sync staple fib, yarn (no sew thread), not retail
Slab GST on manmade staple fibres, yarn (no sew thread), retail
Rate of GST slab on manmade staple fibres, sewing thread, retail or not
Tax of GST on combed, carded, synthetic staple fibres etc.
GST expenses on artifice staple fibres cord comb or tows prod for sponge in India
Total GST charges on artificial filament tow
Total GST rate on woven fabric, synth staple fib nu 85% synth set fibre
Total tax on GST on synthetic staple fibres, combed, not carded
Amount of GST to be paid for waste of manmade fibres (including moils etc.)
Amount of GST rate on artificial staple fibres, combed, not carded
What is the GST tariff on synthetic filament tow?