top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration
Print Preview

What is GST code, HSN code and SAC codes in India?

+1 vote
3 views
posted Jul 6 by Tanmay

Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

GST code (GST identification number)
Every tax payer will be assigned a state-wise PAN based GST tax payer identification number (GSTIN) which will be 15 digit long.
The first two digits of GSTIN will represent the state code according to Indian Census of 2011. Each state has a unique two digit code The next 10 digit of GSTIN will be the pan number of the tax payer.

HSN codes for GST in India

All the states in the country have their own tax system for classifying the goods tax rate. But with GST regime there will be an uniformity all over the state which will harmonize the system of HSN for the goods and the service accounting code or SAC system for the services.

SAC code in GST (GST codes)

SAC and HSN are the similar codes under GST. In case of services, for each type of service provided is given an unified code for recognition, measurement and taxation. These are known as SAC codes. In the current service tax regime, SAC codes are already defined for each type of service.

answer Jul 7 by Chetan Hindu
Similar Questions
+1 vote

I would like to know the GST rate applicable and HSN code for
a) Bluetooth Smart watch (Without SIM Card)
b) Smart watch with SIM card
c) Mobile phone -standard
d) Smartphone

Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...