53050010
COIR BRISTLES FIBRE, COIR MATTRESS FIBRE, COIR SHORT FIBRE, COIR BIT FIBRE, DECORTICATED COIR FIBRE
Tax Calculator for 53050010
E-Way Bill Rules
For coir bristles fibre, coir mattress fibre, coir short fibre, coir bit fibre, decorticated coir fibre, the E-Way Bill threshold is ₹50,000. Since the rate is 0%, you must generate a bill if the Taxable Value exceeds ₹50,000.
Example Calculation
- Base Value: ₹50,000
- + GST (0%): ₹0
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 53050010 falls under Chapter 53. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (5305) is sufficient for B2B invoices.
Ensure that you charge 0% CGST and 0% SGST for intra-state supplies of coir bristles fibre, coir mattress fibre, coir short fibre, coir bit fibre, decorticated coir fibre. For inter-state supplies, the full 0% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 53050010?
The GST rate for HSN Code 53050010 (COIR BRISTLES FIBRE, COIR MATTRESS FIBRE, COIR SHORT FIBRE, COIR BIT FIBRE, DECORTICATED COIR FIBRE) is 0%.
Q: Is HSN 53050010 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for COIR BRISTLES FIBRE, COIR MATTRESS FIBRE, COIR SHORT FIBRE, COIR BIT FIBRE, DECORTICATED COIR FIBRE?
Multiply the taxable value by 0. For ₹1000 value, GST is ₹0.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.