Official Classification

Under the Harmonized System of Nomenclature (HSN), the code 5501 specifically identifies synthetic or artificial filament tow for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.

Intra-State Split

CGST 2.5% + SGST 2.5%

Inter-State Split

IGST 5%

Compliance Check-list

✓Mention HSN 5501 on all Tax Invoices for synthetic or artificial filament tow
✓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 5501

"Classifying synthetic or artificial filament tow correctly is critical to avoid litigation. While the base rate is 5%, always check for anti-dumping duties if importing, especially under the Man-made Fibres category. AasanKhata automatically monitors these shifts for you."