Question

Which statement accurately identifies the distinction between HSN and SAC codes under GST?

Q: Answer-Which statement accurately identifies the distinction between HSN and SAC codes under GST?

The fundamental structural difference is their application HSN codes are meant for productsgoods, while SAC codes are assigned to service-based transactions.

A HSN handles import/export tracking, while SAC handles domestic compliance.

B HSN is used for classifying goods, while SAC is used for classifying services.

C HSN requires an 8-digit structure, while SAC requires a 2-digit structure.

D HSN maps to B2B business operations, while SAC maps to B2C consumer bills.

E HSN is utilized by regular taxpayers, while SAC is utilized by composition scheme filers.

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Which statement accurately identifies the distinction between HSN and SAC codes under GST?

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