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Notification No. 5/2017 – Integrated Tax, Does it applicable to SAC as same as HSN ?
Notification No. 5/2017 – Integrated Tax, Does it applicable to SAC same as HSN ?
RameshBabu Kari
Integrated Tax applicability to Service Accounting Codes confirmed: SAC treated like HSN for tariff classification and levy. Applicability of Integrated Tax to Service Accounting Codes is affirmed: SAC are incorporated into the tariff heading framework and treated like goods classification codes for tariff-based assessment and integrated tax levy under the Goods and Services Tax regime. (AI Summary)
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