About HSN Code 540500

HSN Code 540500 covers Artificial Monofilament of 67 Decitex or More and of Which No Cross-sectional Dimension Exceeds 1 Mm, Strip and the Like (for Example, Artificial Straw) of Artificial Textile Materials of an Apparent Width not Exceeding 5 Mm 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.

How to Use HSN Code 540500 on GST Invoices

• Include the HSN code 540500 on every GST invoice for artificial monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm, strip and the like (for example, artificial straw) of artificial textile materials of an apparent width not exceeding 5 mm
• 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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