SAC Creation

Implementation Updated by Implementation

What is SAC?

SAC stands for Services Accounting Code ar issued by CBEC to uniformly classify each services under GST. Each service has a unique SAC. These SAC codes can be used in invoices created by you for the services you delivered.

Overview

SAC mainly refers to Intangible Goods. A good or we can call service which can not be touched and seen. A person can only feel that he/she has received a particular service. Like Advocate, chartered accountant or we can take example of software all falls under service.

Use Case

Suppose there is a firm “XYZ Ltd”. They are a service provider of AC Repairing. They do not deal in AC Sale but only deal in Repairs and Maintenance.

With the help of this option, they can create SAC codes for their services and assign sac to their ledgers to make bills and to file GST Returns.

Steps to be performed to Create HSN

1.Go to GST

2.Go to Apps-> Subscribe and Activate the GST App. Activate the SAC Editable Mode

3.Go to Masters and click on SAC Master Form

4.Click on + button and pop up will open

4.1.In pop up: Enter initial of SAC and press Enter. Click on + button given after every SAC code to select sac.

4.2.After selection of SAC, user can edit SAC code as some user use only 2 digit or 4 digit SAC code. After that select tax code and save the details.

5.Edit: Click on edit and select saved SAC from dropdown. Now make changes as required and click on save.

6.Report-> Click on report to see saved SAC list with complete detail.

6.1.In report user can see all details. User can set page layout. User can print & download the report. In report user can see all details. User can set page layout. User can print & download the report.

How did we do?

HSN Creation

TAX Creation

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