However, in India, the last two digits represent a deeper classification, so if the handkerchiefs are made of man-made fibre, then the HSN code is 62139010. HSN Code List with GST Rates: Chapter-Wise Distribution of Commodities. The HSN code list is organised into 21 sections, covering a ...
Why Are HSN and SAC Codes Important for Business? Conclusion Related Articles All the goods and services to be used in India GST are classified by an HSN code (Harmonized System of Nomenclature) and by the SAC (Service Accounting Codes) and will help to remove the hurdle/obstacle in the in...
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...
Read About: HSN Code List for GST Goods What is SAC Code? SAC stands for Service Accounting Code, a unique six-digit code used to classify services under the GST regime in India. SAC codes, issued by CBIC, help in identifying and categorizing services for tax calculation, with the first...
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To edit a HSN or a SAC code: Go toCustomization > Lists, Records, & Fields > Record Types. Locate the India Tax HSN and SAC codes for GST record. Click theListlink for India Tax HSN and SAC codes for GST. ClickEditbeside the HSN or SAC code you want to edit. ...
You can find more information on HSN/SAC codes and GST on theCentral Board of Indirect Taxes & Customsof the Government of India official website. You can find out what HSN / SAC code applies to your invoice, as well as the appropriate GST tax rates for it, on theGST portal. ...
Read About:HSN Code List for GST Goods What is SAC Code? SAC stands for Service Accounting Code, a unique six-digit code used to classify services under theGSTregime in India. SAC codes, issued byCBIC, help in identifying and categorizing services for tax calculation, with the first two di...