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

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....otification No. 12/2017 Method of providing Codes in invoices<br> Query (Issue) Started By: - Lakshmi subramanian Dated:- 1-9-2017 Last Reply Date:- 7-9-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>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 a....

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....re different. The main difference between HSN code & SAC code is given below extracted from howtoexportimport.com&quot; &quot;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 In....

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....dia? 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.&quot; 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.....

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.... 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 Reply By Rajagopalan Ranganathan: The Reply: Madam, Notification....

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.... No. 12/2017-Central Tax dated 28.6.2017 applies to supply of goods since HSN Code is applicable to goods only. It is not applicable to supply of services. Reply By Lakshmi subramanian: The Reply: Dear Sir Thanks a lot. But even in few web portals and in service industry the notification is applied for services. really surprising. please bear with me for delay in responding since i am on tra....

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....vel Warm Regards Mr.Lakshmi<br> Discussion Forum - Knowledge Sharing ....