About HSN Code 500300
HSN Code 500300 covers Silk Waste (including Cocoons Unsuitable for Reeling, Yarn Waste and Garneted Stock): and attracts a GST rate of 0%. This category is exempt from GST (0% rate).
How to Use HSN Code 500300 on GST Invoices
- Include the HSN code 500300 on every GST invoice for silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock):
- Businesses with turnover above ₹5 crore must use 6-digit HSN codes
- Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
- The HSN code must match the product/service description on your invoice
- Incorrect HSN codes can lead to GST notices and ITC mismatches
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