5503
Synthetic staple fibres — polyester, nylon
HSN Code
5503
GST Rate
18%
Type
HSN
Common Items / Examples
GST Rate Details
The applicable GST rate is 18%, split as:
- CGST: 9% + SGST: 9% (for intra-state supply)
- IGST: 18% (for inter-state supply)
* GST rates are subject to change. Always verify with the CBIC official notification before filing.
Frequently Asked Questions
What is HSN code 5503?
HSN code 5503 is the Harmonised System of Nomenclature code for "Synthetic staple fibres — polyester, nylon" under Chapter 55 — Man-Made Staple Fibres. This code is used in GST invoices and returns to classify goods.
What is the GST rate on HSN code 5503?
The GST rate on HSN code 5503 (Synthetic staple fibres — polyester, nylon) is 18%. CGST is 9% and SGST is 9% for intra-state, or IGST at 18% for inter-state transactions.
Is HSN code mandatory in GST invoices?
Yes. Businesses with annual turnover above ₹5 crore must mention 6-digit HSN codes in B2B invoices and 4-digit codes in B2C invoices. For turnover ₹1.5–5 crore, 4-digit HSN is required in B2B invoices.
What is the difference between HSN and SAC codes?
HSN (Harmonised System of Nomenclature) codes are used for goods, while SAC (Services Accounting Code) codes are used for services in GST. Code 5503 is an HSN code for goods.
How many digits are in an HSN code?
HSN codes can have 2, 4, 6, or 8 digits depending on the level of classification. 2-digit codes represent chapters, 4-digit heading, 6-digit sub-heading, and 8-digit tariff item.