Boost Your B2B Sales with Getatoz
Get Listed FreeExplore HSN Code of thousands of goods.
HSN Code - 32089050 : Varnishes (Slip agents)
| HSN CODE | Description | Policy |
|---|---|---|
| 3208 | WOVEN FABRICS OF SYNTHETIC STAPLE FIBRES, CONTAINING LESS THAN 85% BY WEIGHT OF SUCH FIBRES, MIXED MAINLY OR SOLELY WITH COTTON, OF A WEIGHT NOT EXCEEDING 170G/M2 | |
| 320890 | Varnishes | |
| 32089050 | Slip agents | Free |
Harmonised System of Nomenclature (HSN Codes) 32089050 are used for the Slip agents products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 32089050
First two digits (32) represent the chapter number which is Chapter 32 - Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter, paints and varnishes; putty and other mastics; inks.
Next two digits (08) represent the heading number which is WOVEN FABRICS OF SYNTHETIC STAPLE FIBRES, CONTAINING LESS THAN 85% BY WEIGHT OF SUCH FIBRES, MIXED MAINLY OR SOLELY WITH COTTON, OF A WEIGHT NOT EXCEEDING 170G/M2
Next two digits (90) represent the product code which is Varnishes
Last two digits (50) are for final or deeper classification which is Slip agents
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 32089050
What is HSN Code 32089050 used for?
HSN Code 32089050 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 32089050 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 32089050?
The GST rate for HSN Code 32089050 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 32089050?
As per current trade policy, HSN Code 32089050 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.