About HSN Code 540244

HSN Code 540244 covers Elastomeric and attracts a GST rate of 12%. For intra-state supplies, this is split as 6% CGST + 6% SGST. For inter-state supplies, 12% IGST is charged. This code falls under the Textiles & Leather sector (Garments, fabric, leather goods).

How to Use HSN Code 540244 on GST Invoices

• Include the HSN code 540244 on every GST invoice for elastomeric
• 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

• 54021010 — Synthetic Filament Yarn (other Than Sewing Thread), not Put Up for Retail Sale, Including Synthetic Monofilament of Less Than 67 Decitex High Tenacity Yarn of Nylon or Other Polyamides : Nylon Tyre Yarn
• 54021090 — Synthetic Filament Yarn (other Than Sewing Thread), not Put Up for Retail Sale, Including Synthetic Monofilament of Less Than 67 Decitex High Tenacity Yarn of Nylon or Other Polyamides : Other
• 540211 — Of Aramids :
• 54021100 — Of Aramids
• 54021110 — High Tenacity Yarn of Nylon or Other Polyamides

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