SAC Code List: Find SAC Code For GST Filing In India
This is the complete SAC code list you can find for GST filing in India. Whether you are looking SAC code for services, rent, job work, transportation or repair and maintenance, you’ll get everything. Let’s check them out. What is SAC Code? Based on the Harmonized System of Nomenclature, SAC or Services and Accounting Codes are based on the internationally recognised system that helps in codifying and classifying products in the world. They are six-digit codes. For instance, the SAC code for IT (Information Technology) is 998314. Notably, the first two digits of all the SAC codes in India are
Read moreImportant Changes in Various GST Form – 2020
Recently, the senior officials have proposed changes in the GSTN and GST policy with the view of removing hardships faced by various stakeholders regarding the following hurdles: No provision to link multiple invoices with a single credit note Vendors do not have the functionality of availing date of filing of the GST returns by the vendor Tracking of the amendment of any invoices not possible Failure to provide negative values in GSTR 3B It is good that the senior officials took cognizance of the situation and have recommended solutions to the hardship faced by the taxpayers. Today, in this blog,
Read moreEverything About the Ex-gratia Relief Provided by the Government of India
With the festival season, there is one more reason for the loan borrowers to be jubilant as they will get a refund of their interest amount as per the Scheme for Grant of Ex- Gratia payment introduced by the Government of India. Under this scheme, the banks and the NBFCs have started crediting the differential amount between the compound interest and the simple interest in the loan or bank accounts of the borrowers that have been generated during the moratorium period. In this blog, we will know about the scheme for the grant of Ex-Gratia payment in detail. What is
Read moreImportance of Credit Score for Business Loan
A business requires an inflow of capital and funds from time to time for working capital, operating expenses, buying equipment and machines, and expanding the business. The requirements can be fulfilled by getting business loans from banks, financial institutions, NBFCs, and open markets. However, getting the business loan is not very easy, the business has to be eligible based on various criteria such as the annual turnover, income tax return, banking, credit history, out of which the most important criteria are the credit history of the business that is being determined by the CIBIL score. In this blog, we will
Read moreSmart Business Ideas for Women in India
In recent years, the Government has brought up many schemes to empower women in both rural and urban parts of the country to start a business and contribute to the economic growth of India. This financial support from the Government has given them confidence that they can also generate employment and can change the lives of many people. Mainly in urban areas, women are educated, skilled, and have years of experience in the corporate world, which gives them varied options and they can pick up business as per their area of interest and expertise. However, in rural and semi-urban areas,
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