Each SAC is a six-digit code that systematically categorizes services, ensuring clarity and consistency in tax reporting. For example, SAC code 997212 covers rental or leasing services involving owned or leased non-residential property. Breaking it down: The initial “99” refers to services. The...
HSN code stands for Harmonized System Nomenclature. It’s a globally used 6-digit code that acts as a recognized system for classifying goods. Think of it as a universal product ID for international trade. This code simplifies the taxation process within the goods and services tax framework by...
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