For instance, construction services of buildings fall under SAC code9954, with subcategories like residential, industrial, and commercial buildings classified further under group99541. The applicable GST rate for such services is18%, ensuring clear identification of the service type and accurate tax cal...
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: The st...
For instance, construction services of buildings fall under SAC code9954, with subcategories like residential, industrial, and commercial buildings classified further under group99541. The applicable GST rate for such services is18%, ensuring clear identification of the service type and accurate tax cal...