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Notification No. 5/2017 – Integrated Tax, Does it applicable to SAC same as HSN ?

RameshBabu Kari

Notification No. 5/2017 – Integrated Tax, Does it applicable to SAC as same as HSN ?

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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NEERAJ KUMAR, RANCHI on Jul 31, 2017

Yes absolutely. SAC have also been incorporated in the Tariff Heading 99 of the Tariff ...

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