Master in Accounts & high court Advocate
9610 Points
Posted on 22 November 2024
The SAC (Service Accounting Code) for an EMI collection shop would likely fall under the category of "Financial Services" or "Payment Services".
The most relevant SAC code for an EMI collection shop could be: -
65201: "Collection services of payments" -
66190: "Other financial services nec (not elsewhere classified)" -
67120: "Payment processing services"
However, it's essential to consult the latest CBIC (Central Board of Indirect Taxes and Customs) guidelines or the GST (Goods and Services Tax) website to confirm the most accurate SAC code for your specific