Hsn and sac codes in gstr 1 and 2

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I read queries being raised on how to show SAC code in GSTR 1 and 2 and how to enter quantity in information of HSN code wise summary in these returns.

No where in notes SAC codes are mentioned. Whether Service invoice totals to be included in this summary or not is the questions raised. We may have to assume hsn includes sac also. 

My question is what is the intention of legislature in asking only hsn summary data but not sac summary data. Perhaps this is collection statistical data on supply of goods code wise for the goverment,

Further discussion on this subject will enlighten members of the forum.

 

Replies (1)

The Harmonized Commodity Descripttion and Coding System generally refers to “Harmonized System of Nomenclature” or simply “HSN”. It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988.

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