I have an EMI collection shop, what is its SAC code?

I have an EMI collection shop, what is its SAC code?
Replies (2)
Quick Summary
If you run an EMI collection shop and need to find the correct Service Accounting Code (SAC), it generally falls under financial or payment services. Potential codes include 'Collection services of payments' (65201), 'Other financial services nec' (66190), or 'Payment processing services' (67120). It's always best to check the latest CBIC or GST website for the most accurate and up-to-date information.

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 

Thanks sir

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