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GS Paper III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Context: Furnishing 6 digits HSN (Harmonised System of Nomenclature) Code or SAC (Service Accounting Code) made mandatory for GST taxpayers with more than Rs 5 crores turnover.
Under GST regime the classification of goods and services have been done depending upon the various groups formed broadly covered as HSN code and SAC code.
About the HS Code:
What is SAC?
What is the difference between SAC and HSN code?
How many digits in SAC code?
https://www.trade.gov/harmonized-system-hs-codes
https://taxguru.in/goods-and-service-tax/services-accounting-code-sacgst.html
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