Get the Aesthetic and Updated SAC Code List
To compute GST on imported products or services, you’ll need the relevant HSN number or SAC code. Find everything you need with our handy HSN code finder, and discover more about how Wise can save you money on international money transfers.
What are HSN and SAC codes, and what are the differences between them?
The Harmonized System of Nomenclature (HSN) is an abbreviation for the Harmonized System of Nomenclature. HSN codes are used all around the world to designate distinct product categories and types. HSN codes are usually six digits long, but in India, an extra two digits are added to provide further information.
What exactly are SAC codes?
Services Accounting Codes (SACs) are used to indicate the GST that must be paid on services. SAC Code are usually 8 digits long.
What is a SAC finder?
Get the HSN and SAC codes you need with this HSN and SAC code finder. The IGST and SGST/UTGST rates that apply to the goods or services you’re importing are also listed. To acquire the HSN code with GST rates — or the SAC code for GST rates — simply filter by product or service name.
SAC code format:
When services are imported, they are categorized using SAC codes rather than HSC codes. SAC codes are 6 digits long and are broken down into a 2 digit service code, another 2 digits indicating the broad type of service, and the final 2 digits indicating the individual service being delivered.
What is the SAC code and what is the rate?
Under the GST Act, the SAC code record identifies and specifies the relevant tax slab pricing allowable for services.
The HSN (eight-digit code) number differs from the SAC (six-digit code).
In GST returns and invoices, these one-of-a-kind numbers must be included. It is impossible to exaggerate the significance of the SAC code in determining GST rates.
Government bodies launched the SAC System, and the services are taxed.
Service Charges:
The GST SAC code is divided into five slabs: 0%, 5%, 12%, 18%, or 28 percent.
It’s vital to know which of these classifications your product belongs to. SAC or HS codes that aren’t on the list are automatically assigned an 18 percent charge. For industries that deal with goods import/export, the 8-digit HSN Code is required.
Import and export trade, in any event, is critical to every company’s success. In this scenario, ignoring Import Data India could jeopardize your business’s success. As a result, knowing how to interpret import data will be advantageous to your company. Simultaneously, if you want to be successful in your import and export business, you’ll need accurate and legal data. Data import and export could also help you stand out from the crowd. You can truly make the greatest decision for your organization even if it is in the most difficult situation if you use our data. Do you still want to know what’s going on? Take a look at the table below for further information.
If you’re still confused about where to seek the right tool, or if you need a quick and simple SAC code lookup solution for your business, you’ve arrived in the right place.
Our simple and rapid results are at your fingertips. The HSN Code for the commodities or goods can be obtained using the Rate Finder Tool for invoicing purposes. The SAC code and GST rate finder are crucial in this regard.
So, if you require assistance or would like to learn how to obtain an HS code list, please contact us. The expert staff at Export-Import Data will provide you with the best services available.
Get the Aesthetic and Updated SAC Code List. Learn more about the Codes and how to use them. Get in touch with one of our export import data professionals to learn more about our services.
