What SAC Codes may be used by Practising Company Secretaries?

What SAC Codes may be used by Practising Company Secretaries?: Under the GST regime, there is no code for service provider but codes are in accordance to the services provided. GST is one such epoch-making transformation, which would inscribe the testimony of the emerging and progressive New India with utmost welfare to its populace at equity and equality. Now Check SAC Code for CS Services in GST Regime from below…..

Currently, with the successful launch of this key tax reform, now is the time for the rightly spirited application of the varied provisions of Goods and Services Tax pan India to ensure that the directed value for this unified tax reform should reach to the farthest areas of the country and to each and every single stakeholder of the tax structure of the Nation.

SAC Codes may be used by Practising Company Secretaries

The following is a list of few services provided by Practicing Company Secretaries and their SAC Codes may be used, as follows:

Heading no. 9982		Legal and accounting services
Group 99821
	998211	Legal advisory and representation services concerning criminal law
	998212	Legal advisory and representation services concerning other fields of law.
	998213	Legal documentation and certification services concerning patents, copyrights and other intellectual property rights.
	998214	Legal documentation and certification services concerning other documents.
	998215	Arbitration and conciliation services
	998216	Other legal services n.e.c.
Group 99822		Accounting, auditing and bookkeeping services
	998221	Financial auditing services
	998222	Accounting and bookkeeping services
	998223	Payroll services
	998224	Other similar services n.e.c
Group 99823		Tax consultancy and preparation services
	998231	Corporate tax consulting and preparation services
	998232	Individual tax preparation and planning services
Group 99824		Insolvency and receivership services
	998240	Insolvency and receivership services
	998399	Other professional, technical and business services n.e.c.
Group 99715		Services auxiliary to financial services (other than to insurance and pensions)
	997151	Services related to investment banking such as mergers and acquisition services corporate finance and venture capital services
	997156	Financial consultancy services
	997159	Other services auxiliary to financial services
Group 99951		Services furnished by business, employers and professional organisations Services
	999511	Services furnished by business and employers organisations
	999512	Services furnished by professional organisations
Heading 9983		Other professional, technical and business services
Group 99831		Management consulting and management services; information technology services
	998311	Management consulting and management services including financial, strategic, human resources, marketing, operations and supply chain management
	998312	Business consulting services including public relations services
	998313	Information technology consulting and support services

What all returns does a practicing Company Secretary needs to furnish under GST?

A registered taxable person needs to file following return under GST regime

Form	Type	Timeline
GSTR-1	Outward Supply of taxable services	Within 10th of next month
GSTR-2	Inward Supply of taxable services	After the 10th day but on or before the 15th day of the month succeeding the tax period
GSTR-3	Monthly return	On or before the 20th day of the month succeeding such calendar month or part thereof
GSTR-9	Annual return	On or before the 31st day of December following the end of such financial year.

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before 20th of the succeeding month. However, the invoice-wise details in regular GSTR-1 would have to be filed for the months of July and August, 2017 as per the timelines given below –

Month	GST- 3B	GSTR-1	GSTR-2 (Auto populated from GSTR-1)
July	20th August	1th-5th September*	6th – 10th September
August	20th September	16th – 20th September	21st-25th September

* Facility for uploading of outward supplies for July, 2017 will be available from 15th July, 2017

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