GST Rate & HSN Code 51 – WOOL

The HSN code for WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC is 51. This code falls under Chapter 51 of the GST HSN classification system, which covers WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 51 falls under Chapter 51 of the GST HSN classification, which covers WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC. Chapter 51 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC under HSN code 51, provided it is used for business purposes, and all ITC conditions under the GST Act are met. Consult a RegisterKaro expert for clarification.

Yes, mentioning HSN code 51 on your GST invoice for WOOL, FINE OR COARSE ANIMAL HAIR; HORSEHAIR YARN AND WOVEN FABRIC is mandatory. The number of digits required (4, 6, or 8) depends on your annual turnover as per CBIC rules. Correct HSN mention ensures accurate tax calculation and smooth return filing.