Services Accounting Code (SAC) in GST The SAC code is a concept similar to that of HSN. 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, evaluatio...
Select a charges code.On the Tax information FastTab, in the Service accounting codes or HSN codes field, enter a value.Set the Exempt option to Yes to exempt these charges from the calculation of GST.Save the record. When this charge code is selected for a transaction, the de...
Find your product's HSN Code and GST Rate using our HSN Code Finder with which you can search by product name or code, and you can also use the category list to identify your HS Code.
All the states in the country have their own tax system for classifying the goods tax rate. But with GST regime there will be an uniformity all over the state which will harmonize the system of HSN for the goods and the service accounting code or SAC system for the services. In order...
HSN code CHAPTER-37 Photographic or Cinematographic goods The information provided below about HSN codes are used for GST purpose to classify goods. You may reconfirm with GST authorities whether your product HSN code is classified correctly below. The HSN codes under 02 digits, 04 digits, 06 dig...
Hsn code for service SAC code query Treatment of credit notes of rate difference in gstr9 hsn inwards summary WRONGLY ENTERED HSN WISE SUMMARY GSTR 1 HSN Rectify SAC code GST RAte SAC Code Summary in GSTR1 REGARDING hsn CODE HSN Code - Postal charges Collected HSN CODE AND SAC CODE ...
Note:Currently users will get the below error in-service master (AC01), even after maintaining the SAC code in the above table. "Entry BR XXXXXX does not exist in T604F (check entry)" Please apply theSAPdocument 2446083 as mentioned in the GST solution note 2421394 in order to resolve ...
ReverseChargeSalesListEntity TMSStandardTransportationCommodityCodeEntity TaxAgentEntity TaxAgreementLineTransTaxInformationEntity TaxAllowedExemptCodesForIPIEntity TaxAuthorityEntity TaxAuthorityOKATOEntity_RU TaxBenefitCodeTypeEntity TaxBranchEntity TaxBusinessVerticalsEntity TaxCodeEntity TaxCodeExterna...
Since from 1st April 2021 it is important for the GST assessee who posses the turnover exceeds 5 cr in the before fiscal year, to file 6 digits HSN Code (Harmonised System of Nomenclature Code), or as the case may be, SAC (Service Accounting Code) upon the invoices provided for the ...
Services Accounting Code (SAC) in GST 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: ...