Table of Contents
- 1 What is the HSN code for digital marketing?
- 2 What is the SAC code?
- 3 What is HSN code for software?
- 4 How many digits is a sac code?
- 5 Why is a sac code needed?
- 6 What is the GST rate for digital marketing services?
- 7 What is the SAC code for marketing services?
- 8 What is sac code 998313?
- 9 What is the SAC code for technology consulting services?
What is the HSN code for digital marketing?
Since there is no specific HSN code for digital marketing services, we are using the code 998313, which represent “Information technology (IT) consulting and support services“. The same HSN code may be used for Social Media Marketing, SEO, and other online consulting services.
What is the SAC code?
SAC stands for Servicing Accounting Code and is used to classify services instead of goods. All services tend to begin with the number 99, which is what identifies the code as a SAC and not an HSN. For clarity, let’s look at this SAC- 99.82. 13. Here, the 99 represents all services in general.
What is the HSN code for marketing services?
All type of industry uses marketing services. SAC Code on Marketing services is 998371 ,998372,998311. GST Rate on marketing services is 18 \%.
What is HSN code for software?
HSN Code 4911
| HS Code | Description | GST\% |
|---|---|---|
| 49119910 | HARDCOPY(PRINTED)OF COMPUTER SOFTWARE ,Products include: Computer Stware, Computer Stware | 12\% |
How many digits is a sac code?
six digits
Services are classified as per the Services Accounting Code (SAC). The SAC is strictly numeric and is six digits. The first two digits are same for all services i.e. 99, the next two digits represent the major nature of service and the last two digits represent the detailed nature of service.
How do I find HS Code?
You can get one on your country’s government website. You can also use the HS code search tools online – just type in a detailed goods description and you’ll get your code. With this number, customs authorities all over the world are able to identify the contents of your package.
Why is a sac code needed?
SAC codes are used to classify different services provided by business companies. If the turnover of the service provider is more than Rs. 1.5 crores then he/she must mention the SAC code in invoice. And during GSTR fillings he/she must mention the SAC code for automated form filling.
What is the GST rate for digital marketing services?
The advertising agency buys the space on behalf of the advertiser but charges commission for the same. In such a case, GST would be levied at 5\% for advertisement in print media or 18\% for advertisement in digital media. The advertising agency would levy GST at the rate of 18\% on the commission charges.
What is the GST rate for laptops?
18\%
GST is now levied at a rate of 18\% on laptops, hence taking the total price a little higher than what consumers would have paid in the pre-GST era.
What is the SAC code for marketing services?
Such as Television , Radio , Digital Marketing, Social Media Marketing etc. GST on Marketing services is applicable. Generally marketing service are officer by business to customer and from business to business. All type of industry uses marketing services. SAC Code on Marketing services is 998371 ,998372,998311.
What is sac code 998313?
SAC Services Accounting Code are used for the identification of the service. This service comes under heading Other professional, technical and business services. Hence, SAC code 998313 can be used by social media marketing agencies, digital marketing agencies, freelancers and SEO agencies for billing consulting and support services.
What is the SAC code for website and software development?
Website and software development fall under Group 99831 of SAC codes which pertains to management consulting and management services or information technology services. Under this category, website and software development would fall under the category of Information technology (IT) design and development services which has a SAC code of 998314.
What is the SAC code for technology consulting services?
SAC Code for Technology Consulting Services If no development or design of software is involved and only technology consulting services are rendered, SAC code 998313 can be used.