Posted in: Legal/Finance in Tamil Nadu | Posted: |
Area/Neighbourhood: Ramanathapuram
Service Accounting Codes (SAC) are used to classify services for the purpose of taxation. When you get GST registration, especially if your business involves providing services, you will need to identify the SAC for the services you offer.
SAC is necessary when Issuing Invoices, Filing GST Returns, For Compliance and Audit, When Claiming Input Tax Credit (ITC), Quoting in Business Contracts and Agreements.
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