Sac full form: SAC stands for Service Accounting Code

SAC stands for Service Accounting Code, a six-digit system to classify and tax services under GST in India. Learn how to find the SAC code for your property and its importance for property tax assessment. Learn everything about HSN and SAC codes under GST in India. Get insights into their full forms, meanings, and their importance in goods and services classification Explore how HSN and SAC code work in GST. Discover how to apply them correctly for compliance, invoicing, and tax filing. Introduction Under GST regime the classification of goods and services have been done depending upon the various groups formed broadly covered as HSN code and SAC code 1. What is SAC? Service Accounting Code is similar to the International HSN codes adopted by other countries across world. Similarly in GST the applicability of Service Accounting Codes have been defined for identifying the applicability of the respective tax rates to the services. 2. What is the difference between SAC and HSN ...