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  2. Jun 23, 2024 · The Service Accounting Code, often known as the SAC Code, is a classification system for services devised by India’s Service Tax Department. The GST rates for services are fixed in five slabs using the GST SAC codes, namely 0%, 5%, 12%, 18%, and 28%.

  3. Jun 24, 2024 · Travel agents in India must be aware of the applicable GST rates and SAC codes for their services. In this article, we have disclosed all services.

  4. Jul 8, 2024 · Under GST in India, all goods and services handled are classified under the HSN code system or SAC Code system. All goods are classified under HSN Code and all services are classified under SAC Code. Read all about them here.

  5. Jun 30, 2024 · In the labyrinth of goods and services taxation, understanding the nuances of SAC (Services Accounting Codes) is paramount for businesses aiming to stay compliant and thrive in the GST regime. While there are resources available, a comprehensive grasp of SAC codes is crucial to ensure seamless operations and minimize

  6. 6 days ago · HSN code is typically an 8 digit long number, whereas SAC code contains only 6 digits. The difference in structure and length indicates the classification of goods or services under the GST regime.

  7. Jun 25, 2024 · HSN Code and GST Rate on Labour Charges: GST on various types of labour contracts is applicable, just like other goods and services. Get GST rates and HSN/SAC Codes applicable with the exemptions.

  8. Jun 26, 2024 · Learn the key differences between HSN and SAC codes, how they ensure accurate tax calculation, simplify GST compliance, and facilitate international trade with standardized classifications.