Question

What is the primary difference between HSN and SAC codes

Q: Answer-What is the primary difference between HSN and SAC codes in the GST framework?

HSN Harmonized System of Nomenclature is the coding system for physical goods, whereas SAC Services Accounting Code is the specific system used to classify services.

in the GST framework?

A HSN is for international trade, while SAC is for domestic trade.

B HSN classifies physical products, while SAC classifies services.

C HSN is always 8 digits, while SAC is always 2 digits.

D HSN is for B2B invoices, while SAC is only for B2C invoices.

E HSN is used by regular taxpayers, while SAC is used by composition dealers.

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IIFCL Grade A/B

What is the primary difference between HSN and SAC codes

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