Notification No. 12/2017 Method of providing Codes in invoices

[Lakshmi subramanian]

Understand from the notification, it is applicable only for HSN code and not applicable for SAC code. My view has been substantiated under following grounds.

01. HSN code and SAC code are different.

The main difference between HSN code & SAC code is given below extracted from howtoexportimport.com'

'Difference between HSN Code & SAC code Under GST India

What does SAC code mean?

SAC stands for Service Accounting Codes which are adopted by the Central Board of Excise and Customs (CBEC) for identification of the services.

How does HSN code work under GST system in India?

HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system used to maintain uniformity in classification of goods.

The above information is about the difference between SAC code and HSN code under GST in India.'

02 in my view, the purpose of 2 digits & 4 digits on SAC codes as per notification will be defeated due to following reasons.

a. Entire chapter 99 handles Services

b. All dealer in services use only 99 code when their turnover ranges between 1.5 crore & 5 crores

c. Goods Turnover and Services Turnover can not be on par

To conclude on my query,

notification 12/2017 is applicable to SAC code or not. You views to be substantiated

Warm Regards

Mr.Lakshmi

AI Summary

Clarification on Notification No. 12/2017: Applies Only to HSN Codes for Goods, Not SAC Codes for Services. A discussion on a forum addresses whether Notification No. 12/2017 under the Goods and Services Tax (GST) applies to Service Accounting Codes (SAC) or only Harmonized System of Nomenclature (HSN) codes. The original query suggests that the notification is relevant only to HSN codes, which are used for goods, not SAC codes, which are for services. A respondent confirms that the notification pertains solely to goods, as HSN codes apply to goods. The inquirer notes confusion due to some web portals applying the notification to services.