HSN/SAC Codes Settings
The HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are used for classifying goods and services under the GST (Goods and Services Tax) regime.
To create HSN/SAC codes, goto Taxes > Settings > HSN/SAC codes > AddNew
(or)
Setup > Taxes > HSN/SAC codes > AddNew
Field Descriptions:
- Code: A unique identifier for the HSN or SAC code.
- Description: A brief description of the goods or services associated with the code.
- Item Tax Type: The applicable GST rate for the items associated with the code.
Regularly update the codes and tax rates as per the latest GST regulations.we can edit and delete HSN/SAC codes in the ERP system.