SAC Code Search
SAC Code search refers to a classification system that classifies the services under the GST regime in India. Where HSN codes classify goods under the GST regime, SAC codes classify services under the GST regime. The SAC code of the services is classified in accordance with a 6-digit SAC code. Here, The first two digits are always 99, indicating the service type within the category. The next two digits indicate the specific services category. The last two digits tell us something more about that particular service.
SAC Codes are commonly used for creating invoices, ensuring that the correct GST rate is applied. The GST for services is usually at 18%, but the rate depends on the appropriate SAC code. Accurate SAC codes also make it easier to file GST returns such as GSTR-1 and GSTR-3B. The tax authorities use these codes to track taxable services. Incorrect classification can lead to compliance issues, penalties, & delays in tax filings.
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