How to account for HSN 53059010 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 53059010 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 53059010 — Coconut, Abaca (manila Hemp or Musa Textilis Nee), Ramie and Other Vegetable Textile Fibres, not Elsewhere Specified or Included, Raw or Processed But not Spun; Tow, Noils and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Other : Ramie or China Grass — Exempt (0%) GST

Q: What is the GST rate for HSN Code 53059010?

HSN Code 53059010 (Coconut, Abaca (manila Hemp or Musa Textilis Nee), Ramie and Other Vegetable Textile Fibres, not Elsewhere Specified or Included, Raw or Processed But not Spun; Tow, Noils and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Other : Ramie or China Grass) attracts 0% GST. For intra-state supply: 0% CGST + 0% SGST. For inter-state: 0% IGST.

About HSN Code 53059010

HSN Code 53059010 covers Coconut, Abaca (manila Hemp or Musa Textilis Nee), Ramie and Other Vegetable Textile Fibres, not Elsewhere Specified or Included, Raw or Processed But not Spun; Tow, Noils and Waste of These Fibres (including Yarn Waste and Garnetted Stock) Other : Ramie or China Grass and attracts a GST rate of 0%. This category is exempt from GST (0% rate). This code falls under the Textiles & Leather sector (Garments, fabric, leather goods).

How to Use HSN Code 53059010 on GST Invoices

Include the HSN code 53059010 on every GST invoice for coconut, abaca (manila hemp or musa textilis nee), ramie and other vegetable textile fibres, not elsewhere specified or included, raw or processed but not spun; tow, noils and waste of these fibres (including yarn waste and garnetted stock) other : ramie or china grass
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

53050010 — Coir Bristles Fibre, Coir Mattress Fibre, Coir Short Fibre, Coir Bit Fibre, Decorticated Coir Fibre
53050030 — Curled or Machine Twisted Coir Fibre
53050040 — Coir Pith, Processed in Value Added Form Like Briquette, Coins, Neo Disc, Grow Bags, Organic Manure and in Loose Form for Use in Horticulture or Agriculture
53050050 — Of Abaca
53050090 — Of Others

Related Free Tools

HSN/SAC Code Search — Search 22,000+ product and service codes
GST Calculator — Calculate CGST, SGST, IGST split
GSTIN Validator — Verify any GSTIN number
GST Due Date Calendar — Never miss a filing deadline
AI Bill Extractor — Extract invoice data with GL classification

1010 automatically suggests the correct HSN code when you create invoices, using AI to match your product descriptions to the CBIC master list of 22,000+ codes. Start your free trial →

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

📒 Accounting Treatment

About HSN Code 53059010

How to Use HSN Code 53059010 on GST Invoices

Related HSN Codes

Related Free Tools