Official Classification

Under the Harmonized System of Nomenclature (HSN), the code 5402 specifically identifies synthetic filament yarn for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.

Intra-State Split

CGST 6% + SGST 6%

Inter-State Split

IGST 12%

Compliance Check-list

✓Mention HSN 5402 on all Tax Invoices for synthetic filament yarn
✓Include in HSN-wise summary of GSTR-1 filings
✓Mandatory for E-way bill generation for goods above threshold
✓Ensure Input Tax Credit (ITC) matches this classification

✨ AI Compliance Insight

Expert Advice for 5402

"Classifying synthetic filament yarn correctly is critical to avoid litigation. While the base rate is 12%, always check for anti-dumping duties if importing, especially under the Textiles category. AasanKhata automatically monitors these shifts for you."