540341

HSN Code 540341: GST Rate & Description

Of viscose rayon :
HSN Chapter 54 — Man-made Filaments 6-digit code 5% GST
Parent codes: 54 — Man-made filaments; strip and the like o… 5403 — Artificial filament yarn (other than sew…
GST Rate Breakdown
CGST
2.5%
SGST / UTGST
2.5%
IGST
5%

CGST+SGST apply to intra-state transactions. IGST applies to inter-state and imports. Cess may apply additionally for certain goods.

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9 Sub-codes under 540341
54034110 Up to 67 decitex 54034120 Of 83 decitex 54034130 Of 111 decitex, bright 54034140 Of 111 decitex, dull 54034150 Of 133 decitex, bright 54034160 Of 133 decitex, dull 54034170 Of 167 decitex, bright 54034180 Of 167 decitex, dull 54034190 Other
All HSN codes in Chapter 54 — Man-made Filaments (8 codes)
5401 Sewing thread of man-made filaments, whether or… 5402 Synthetic filament yarn (other than sewing threa… 5403 Artificial filament yarn (other than sewing thre… 5404 Synthetic monofilament of 67 decitex or more and… 5405 Artificial monofilament of 67 decitex or more an… 5406 Man-made filament yarn (other than sewing thread… 5407 Woven fabrics of synthetic filament yarn, includ… 5408 Woven fabrics of artificial filament yarn,includ…

About HSN Code 540341

HSN code 540341 is a 6-digit Harmonized System of Nomenclature (HSN) code used in India for GST classification. It covers: Of viscose rayon :.

This code falls under Chapter 54 (Man-made Filaments) of the Indian GST tariff. The applicable GST rate is 5% (CGST 2.5% + SGST 2.5% for intra-state, or IGST 5% for inter-state transactions).

Who needs this code? Any GST-registered business supplying goods classified under this HSN code must quote it on their tax invoices. Turnover above ₹5 crore requires 6-digit codes; exporters must use 8-digit HSN codes.

Frequently Asked Questions

What is HSN code 540341?
HSN 540341 refers to: Of viscose rayon :. It belongs to Chapter 54 (Man-made Filaments) of the GST tariff.
What is the GST rate for HSN code 540341?
The GST rate for HSN code 540341 is 5% — CGST 2.5% + SGST 2.5% for intra-state, or IGST 5% for inter-state supply.
Is HSN code 540341 mandatory on invoices?
Yes. If your business supplies goods/services under this code, you must quote the HSN/SAC code on GST invoices. Businesses with turnover below ₹5 crore use 4-digit HSN; above ₹5 crore use 6-digit; exporters use 8-digit.
What chapter does HSN code 540341 belong to?
HSN code 540341 belongs to Chapter 54 of the GST tariff, which covers Man-made Filaments.