About HSN Code 540720

HSN Code 540720 covers Woven Fabrics Obtained From Strip or the Like : 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.

How to Use HSN Code 540720 on GST Invoices

• Include the HSN code 540720 on every GST invoice for woven fabrics obtained from strip or the like :
• 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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