GST HSN Code List

GST Rate and HSN Code : Chapter 50

Get a detailed GST HSN Code List at our portal. Save your time and effort in finding GST rates for various goods and commodities. We make your search for GST rates in India for over various goods easy with our HSN Code List with GST rates 2024. Find complete product description, HS Code and GST rates.

GST HSN Code List with GST rates 2024

HS CodeItem DescriptionGST
500100Silkworm cocoons suitable for reeling0
50010000SILK-WORM COCOONS SUITABLE FOR REELING0
500200Raw silk (non-thrown) ,Products include: Silk0
50020010MULBERRY RAW SILK ,Products include: Raw Silk, Silk0
50020020MULBERRY DUPION SILK0
50020030NON-MULBERRY SILK0
500300Silk waste, incl. cocoons unsuitable for reeling, yarn waste and garnetted stock0
50030010MULBURY SILK WASTE0
50030020TASAR WASTE0
50030030ERI WASTE0
50030040MUNGA WASTE0
50030090SILK WASTE N.E.S.0
500310Silk waste, incl. cocoons unsuitable for reeling, yarn waste and garnetted stock, neither carded nor combed0
50031010*MULBURY SILK WASTE0
50031020*TASAR WASTE0
50031090*SILK WASTE N.E.S.0
500390Silk waste, incl. cocoons unsuitable for reeling, yarn waste and garnetted stock, carded or combed0
50039010*MULBERRY SILK WASTE0
50039020*TUSSAR WASTE0
50039030*ERI WASTE0
50039040*MUNGA WASTE0
50039090*OTHR SILK WASTE N.E.S.0
500400Silk yarn (excluding that spun from silk waste and that put up for retail sale)0.05
50040010MULBERRY DUPION SILK YARN0.05
50040090OTHR YARN0.05
500500Yarn spun from silk waste (excluding that put up for retail sale)0
50050011YRN SPN FRM SLK WST OTHR THN NOIL SLK CONTNG >=85% BY WT OF SLK WST.0
50050012YRN SPN FRM NOIL SLK CONTNG >=85% BY WT OF SLK WST.0
50050021YRN SPN FRM SLK WST OTHR THN NOIL SLK CONTNG <85% BY WT OF SLK0
50050022YRN SPN FRM NOIL SLK CONTNG <85% BY WT OF SILK0
500600Silk yarn and yarn spun from silk waste, put up for retail sale; silkworm gut0.05
50060011SLK EMBROIDERY THREAD0.05
50060019OTHER SLK YRN0.05
50060021SLK EMBROIDERY THREAD CONTNG>=85% BY WT OF SLK0.05
50060029OTHER SLK YRN CONTNG>=85% BY WT OF SLK0.05
50060031SPUN FRM SLK WST OTHR THAN NOIL SLK CONTN <85% BY WT OF SLK0.05
50060032YRN SPN FRM NOIL SLK CONTNG<85% BY WT OF SLK0.05
50060033SLK EMBROIDERY THREAD CONTNG <85% BY WT OF SLK0.05
50060039OTHER YRN CONTNG <85% BY WT OF SLK0.05
50060090OTHERS0.05
500710Woven fabrics of noil silk0.05
50071000WOVEN FABRICS OF NOIL SILK0.05
500720Woven fabrics containing = 85% silk or schappe by weight ,Products include: Silk Fabric0.05
50072010SAREES CONTNG >=85% BY WT OF SLK/SLK WST, OTHER THAN NOIL SLK. ,Products include: Pure Silk Sarees, Cotton Saree, Cotton Sarees0.05
50072090ITEMS OTHR THN SAREES CONTNG >85% BY WT OF SLK ETC. ,Products include: Pure Silk Sarees, Markin Cloth, Silk Fabric0.05
500790Woven fabrics containing predominantly, but 85% silk or silk waste by weight0.05
50079000*OTHR WOOVEN FABRICS0.05

What is GST?

Goods and Services Tax (GST) is a Single Tax Structure System introduced in 2017. GST works on One Nation, One Tax system. Earlier, there was a diverse tax system in India. There were various indirect taxes such as Value Added Tax (VAT), sale tax, purchase tax, service tax, surcharges, Excise duty, etc. Under the GST System, all the central and state taxes are merged into a single tax.

What are GST Rates for Goods & Services?

GST has refined the taxation sector in India. It helps in unifying all taxes for various goods and services. There are a large number of goods, commodities and services in India. So, they are put under 5 different slabs of GST rates-

  • NIL: Under this slab 0% tax is charged on the goods or services.
  • 5%: Under this slab 5% tax is charged on the goods and services.
  • 12%: Under this slab 12% tax is charged on the goods and services.
  • 18%: Under this slab 18% tax is charged on the goods and services.
  • 28%: Under this slab 28% tax is charged on the goods and services.

Important Note: Gold and other precious metals are excluded and put under 3% tax slab.

What is an HSN Code?

HSN Code stands for Harmonized System of Nomenclature. An HSN Code is a unique 6 to10 digit number developed for the identification of goods and products. This system was established in 1988 by the World Customs Organization. The HSN Code system is operational in all parts of the world. It covers almost 90% of the goods traded globally. It is accepted by customs authorities for determining taxes on goods.

How does the HSN Code System in India Functions?

HSN Codes held a great significance in Import-Export Procedures of India. In India, it is called ITC (Indian Trade Clarification)-HS Code. An ITC HS Code is recognized from its Chapter, Heading, Subheading and Regional Tariff. It consists of 8 digits.

Let’s take an example: Suppose we are given an HS Code- 6006840000

  • Chapter: The First two digits (60) denotes chapter
  • Heading: Next two digits (06) denote headings.
  • Subheading: Further, two digits (84) denote subheadings.
  • Regional Tariff: Second Last Two digits (00) denote Regional Tariff.
  • National Tariff: Last Two Digits (00) indicates National Tariff.
structrure of hsn code

How many sections, chapters, heading and subheading Does HS Code System Covers?

There are around 21 sections, 99 chapters, 5,222 heading and 1,244 subheadings in the Harmonised system of Nomenclature.

What is the use of HSN Code in GST?

Ever since the arrival of GST, it is mandatory to mention HSN Code for your product. HSN Codes are needed to be mentioned on invoices, bills or filing GST returns. HSN Code helps taxpayers to evaluate GST rates of various products. An incorrect HSN Code can create a big hurdle in the customs clearance process.

How can I find HSN Code List with GST Rates?

You can find a complete HSN Code List with GST rates at Exim Trade Data portal.