- office@finactservices.com
- +91 8793030545Services Accounting Code (SAC) in GST:
Services are also classified uniformly for recognition, measurement and taxation. Codes for services are called Services Accounting Code or SAC.
Classification of all services has been divided in to 5 sections:
Section 5 : Construction Services
Section 6 : Distributive Trade Services ; Accomodation, Food & Beverage Service; Transport Services; Gas & Electricity Distribution Services.
Section 7: Financial and related services; real estate services; and rental and leasing services.
Section 8 : Business and Production Services.
Section 9 : Community, Social & Personal Services and other miscellaneous services.
For Example:
Construction services concerning of single dwelling or multi dwelling or multi -storied residential buildings – 995411
The first two digits are same for all services i.e. 99
The next two digits (54) represent the major nature of service, in this case, construction services.
The last two digits (11) represent detailed nature of service, i.e., single dwelling or multi dwelling or multi -storied residential buildings.
Applicability of Two Digit, Four Digit and Eight Digit SAC Code.
| Turnover of Previous year | No of HSN Code |
| Less than 1.5 crore | Not Required |
| 1.5 crore or less than 5 crores | 2 Digit |
| 5 crore or more | 4 Digit |
| For Import or Export of goods | 8 Digit |
These HSN codes must be declared in every tax invoice issued by the taxpayer under GST.