5608
KNOTTED NETTING OF TWINE, CORDAGE OR ROPE, MADE UP FISHING NETS AND OTHER MADE UP NETS, OF TEXTILE MATERIALS
Tax Calculator for 5608
E-Way Bill Rules
For knotted netting of twine, cordage or rope, made up fishing nets and other made up nets, of textile materials, the E-Way Bill threshold is ₹50,000. Since the rate is 5%, you must generate a bill if the Taxable Value exceeds ₹47,619.
Example Calculation
- Base Value: ₹47,619
- + GST (5%): ₹2,380.95
- 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 5608 falls under Chapter 56. 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 (5608) is sufficient for B2B invoices.
Ensure that you charge 2.5% CGST and 2.5% SGST for intra-state supplies of knotted netting of twine, cordage or rope, made up fishing nets and other made up nets, of textile materials. For inter-state supplies, the full 5% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 5608?
The GST rate for HSN Code 5608 (KNOTTED NETTING OF TWINE, CORDAGE OR ROPE, MADE UP FISHING NETS AND OTHER MADE UP NETS, OF TEXTILE MATERIALS) is 5%.
Q: Is HSN 5608 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 KNOTTED NETTING OF TWINE, CORDAGE OR ROPE, MADE UP FISHING NETS AND OTHER MADE UP NETS, OF TEXTILE MATERIALS?
Multiply the taxable value by 0.05. For ₹1000 value, GST is ₹50.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.