SAC

Services Accounting Code SAC is a standardized classification system used in India to identify, categorize, and levy GST on services. By providing a uniform code, it ensures accurate tax application and simplifies the process of filing returns and invoicing for businesses. Example An IT consultancy uses the SAC 998313 for Information Technology consulting and support services. This code dictates the applicable GST rate (VERIFY: 18%) when they invoice their clients. When it matters in practice Choosing the correct SAC is vital for issuing valid tax invoices, applying the proper GST rate, and preventing disputes with tax authorities during audits. Related terms - HSN Code - GST - e-Invoice Related Service GST Returns