SAC replace by HSN CODE

[SURYAKANT MITHBAVKAR]

We have noticed that SAC is replaced by HSN Code. If it is ok any notification is there.

AI Summary

Clarification on SAC vs. HSN Codes Under GST: SAC for Services, HSN for Goods; Avoid Misclassification Errors. A discussion on a forum addressed the confusion regarding the replacement of Service Accounting Code (SAC) with Harmonized System of Nomenclature (HSN) codes under the Goods and Services Tax (GST) regime. It was clarified that SAC is used for services, while HSN codes apply to goods as per the Customs Tariff Act. Notifications like 12/2017-CT require HSN codes on invoices based on turnover. Another participant noted confusion arises as some entities mistakenly use Service Tariff Codes instead of SAC for services, leading to discrepancies with previous classifications under the Finance Act.