GST Rate & HSN Code 67030020 – WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS

The HSN code for WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE is 67030020. This code falls under Chapter 67 of the GST HSN classification system, which covers WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 67030020 falls under Chapter 67 of the GST HSN classification, which covers WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE. Chapter 67 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE under HSN code 67030020, 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 67030020 on your GST invoice for WOOL OR OTHER ANIMAL HAIR OR OTHER TEXTILE MATERIALS, PREPARED FOR USE IN MAKING WIGS OR THE LIKE 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.