GST is the result of combining all central taxes, such as sales tax, excise duty, surcharges, cesses, state VAT, luxury tax, purchase tax, entertainment tax, and so on into a single tax. The Goods and Services Tax (GST) is a single tax, but given the sheer number of basic commodit...
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...