TaxTMI 
TaxTMI 
SAC replace by HSN CODE
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....AC replace by HSN CODE<br> Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 14-7-2017 Last Reply Date:- 14-7-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>We have noticed that ....
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....SAC is replaced by HSN Code. If it is ok any notification is there. Reply By MADAN RAHEJA: The Reply: Service Accounting Code (SAC) is only in respect of services and not in respect of goods. As reg....
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....ards goods, the notifications determining GST rates have made the tariff item, sub-heading, heading and chapter as specified in the First Schedule to the Customs Tariff Act, applicable to GST. Even Ru....
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....les of interpretation of this Tariff has been made applicable. Since this tariff is based on HSN, it cannot be said that HSN has been replaced. Further under Rule 46 of Central Goods and Services Tax ....
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....Rules, Notification No. 12/2017-CT has been issued requiring mentioning of HSN code on invoices based on aggregate turnover. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Sri Ma....
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....dan. Reply By Debtosh Dey: The Reply: There is a confusion amongst many entities since Service Tariff Codes (6 digit) have also been published under GST to classify services. Some entities are indic....
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....ting these on invoices instead of SAC (8 digit). This may further entail confusion since SAC pertained to erstwhile services defined under Finance Act while many of these may not coincide with the new....
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.... classification. Debtosh Dey<br> Discussion Forum - Knowledge Sharing ....