Sac full form: What is the SAC code

What is the SAC code? (Services Accounting Code), is a classification system developed by the GST Department of India for all services. It plays a crucial role in fixing GST rates on services, categorizing them into five slabs of 0%, 5%, 12%, 18%, and 28%. The SAC full form in GST means Services Accounting Code under which services fall under GST are classified. HSN and SAC codes are used to classify goods and services under the GST regime in India. SAC stands for Service Accounting Code, a six-digit system to classify and tax services under GST in India. Learn how to find the SAC code for your property and its importance for property tax assessment. Explore how HSN and SAC code work in GST. Discover how to apply them correctly for compliance, invoicing, and tax filing.