Tuesday 15 November 2016

Difference between SAC Code and HSN Code under GST tax system in India

SAC code and HSN code under GST in 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.