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...
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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...
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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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For example currently when a manufacturer sells to a trader he charges him excise, when the trader sells again he charges VAT but cannot adjust the excise credit against it. This causes the excise paid by him to be added to his cost. But, after GST manufacturer sells to trader and ...
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...
Just filter by product or service name to get the HSN code with GST rates - or SAC code for GST rates. Get the HSN code finder tool hereHSN codes in India HSN codes are used in India to streamline trade, and make it easier to check and calculate the GST rate that’s payable on ...
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