What is HSN Code 540248?
HSN code 540248 is the Harmonized System of Nomenclature classification for Synthetic Filament Yarn (Other Than Sewing Thread), Not Put Up For Retail Sale, Including… under India's Goods and Services Tax (GST). It is a 6-digit code sitting at the sub-heading (6-digit) level of the HSN hierarchy.
This code belongs to Chapter 54 — Man-Made Filaments; Strip And The Like Of Man-Made Textile Materials, which is part of Section XI: Textiles & Textile Articles. Every GST-registered business supplying synthetic filament yarn (other than sewing thread), not put up for retail sale, including… must quote HSN 540248 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.