How to account for HSN 53041010 in books?

When purchasing: Debit Cost of Goods Sold (5000), Credit Bank/Payable. When selling: Debit Receivable, Credit Sales Revenue (4000). GST is booked to ITC (purchase) or Output Payable (sale) accounts.

What digit HSN code is required for 53041010 on invoices?

Businesses with turnover above ₹5 crore must use 6-digit HSN codes. Between ₹1.5–5 crore: 4-digit is sufficient. Below ₹1.5 crore: HSN code is optional but recommended for ITC matching.

HSN Code 53041010 — Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Sisal and Other Textile Fibres of the Genus Agave, Raw : Sisal Fibre — 5% GST

Q: What is the GST rate for HSN Code 53041010?

HSN Code 53041010 (Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Sisal and Other Textile Fibres of the Genus Agave, Raw : Sisal Fibre) attracts 5% GST. For intra-state supply: 2.5% CGST + 2.5% SGST. For inter-state: 5% IGST.

About HSN Code 53041010

HSN Code 53041010 covers Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Sisal and Other Textile Fibres of the Genus Agave, Raw : Sisal Fibre and attracts a GST rate of 5%. For intra-state supplies, this is split as 2.5% CGST + 2.5% SGST. For inter-state supplies, 5% IGST is charged. This code falls under the Textiles & Leather sector (Garments, fabric, leather goods).

How to Use HSN Code 53041010 on GST Invoices

Include the HSN code 53041010 on every GST invoice for sisal and other textile fibres of the genus agave, raw or processed but not spun; tow and waste of these fibres (including yarn waste and garnetted stock) sisal and other textile fibres of the genus agave, raw : sisal fibre
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

Related HSN Codes

53041020 — Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Sisal and Other Textile Fibres of the Genus Agave, Raw : Aloe Fibre
53041090 — Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Sisal and Other Textile Fibres of the Genus Agave, Raw : Other
53049000 — Sisal and Other Textile Fibres of the Genus Agave, Raw or Processed But not Spun; Tow and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Other

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Last verified: 2026-06-26 · Source: CBIC Master Tariff

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About HSN Code 53041010

How to Use HSN Code 53041010 on GST Invoices

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