SAC Code List for All Servicesby Seair Exim Solution Import Export Data
Services Accounting Code or SAC is essential for all involved in the service industries in India. It is a unique and unified code to mark every service, such that it is easy to understand by just reading the code in an invoice. Central board of excise and customs or CBEC updates this list after GST council meeting, whenever it takes place. You can find such details online. However, seair.co.in has the latest update of SAC codes of India. You can check 24/7 without any registration or payment. It will help the accounting personals and business people in the service sector.
SAC Code List is necessary to file the invoice with service tax. From July 2017, India follows goods and service tax or GST. Hence, you must know under what SAC code your service come under. A businessperson might do more than one services in the different service sector. Therefore, the code differs with each service. Thus, a handy SAC code list in hard copy or soft copy will help to find the right code for the service you do. The billing team will be most benefited if they have the latest updated list of SAC codes as listed by the CBEC.
SAC Code is easy to understand, as it is not a confusing one with many alphanumeric codes. In this code, there are only numbers. However, it is exempted for any business, whose turnover is not more than INR 1.5 crores. Other must use the right SAC code to file in GSTR. It is essential if you file online or offline. For example, if you are into job work in the construction industry. The SAC code is 995478. This code is inclusive for any types of job work under building or construction services.
SAC code finder tool online is the smart way to find them on your Smartphone and desktops. All you need is to mention the service and get the SAC code on the search result bar. Here, you will get the detailed view with the services, classification, and type. You can also find the GST rates next to the SAC code. You can add that rate if there is no exemption. In this way, the accounts and billing team can prepare a proper invoice to file GST. Thus, people in service industries are much benefited with the online tools available to find SAC code with GST Rates India.
Seair Exim Solutions is a market research and Import Export Data provider company. We also offer India export import data, custom duty, HS code, and global trade data of more than 80 countries in the world.
Created on Dec 22nd 2020 23:27. Viewed 359 times.