GST

SAC Code

The Services Accounting Code that classifies services for GST and determines the applicable rate.

A Services Accounting Code (SAC) classifies services under GST, much as an HSN code classifies goods. Each service category has a SAC that determines its GST rate and how it is reported in returns.

Service businesses — agencies, consultants, transporters and the like — select the right SAC on each invoice so the tax and the GSTR-1 summary are correct.

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