The SAC code is a similar concept to the HSN code. SAC stands for Service Accounting Codes, and it is a one-of-a-kind code used in India underneath the GT regime for the identification, evaluation, and taxation of services. As part of it: The starting two digits, i.e., 99 are the...
An HSN code should be defined for theItemproduct type, or an SAC should be defined for theServiceproduct type. The item sales tax group should be removed. Assign SACs to miscellaneous charges Go toAccounts payable>Charges setup>Charges code. ...
SAC and HSN are the similar codes under GST. In case of services, for each type of service provided is given an unified code for recognition, measurement and taxation. These are known as SAC codes. In the current service tax regime, SAC codes are already defined for each type of servi...
54th GST Council Meeting:“To clarify that location charges or Preferential Location Charges (PLC) paid along with the consideration for the construction services of residential/commercial/industrial complex before issuance of completion certificate forms part of composite supply where the supply of const...
To begin using an unlocked phone, a carrier must be chosen, and, for GSM carriers, a SIM card purchased for that carrier. This phone does not come with service activated. This phone does not include promotional minutes. Terms and conditions for service vary by carrier. ...
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Who Offers HSN Code? DGFT is in charge of any revisions, formulation, or addition of new codes to the HSN Codes (Directorate General of Foreign Trade). As part of the continual process of refining HSN Codes, changes to product descriptions, the removal of dead codes, the insertion of new...
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