What is the Role of SAC Code List under Goods and Services Tax?
In India under GST, all the goods and services are transacted. Goods are classified under HSN code and services are classified under the SAC Code . SAC Code is also called as Services Accounting Code that is a classification system for services developed by the Service Tax Department of India. All the services under SAC Code in GST are fixed into 5 slabs known as 0%, 5%, 12%, 18%, and 28%. These codes are issued by CBSE to categorize every service under GST. Every service has a unique SAC code and used in invoices created by you for the services you delivered. Check out the SAC Code List Under GST Below The below mentioned table reveals SAC Code List in GST tax slabs, here are listed some of the main services. For a complete list, you can check out online web portals. SAC Code Description of Services Rate (%) Effective From 9954 Services offered by labor contracts of construction, maintenance, fitting out, completion, r...