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  
 998211Legal advisory and representation services concerning criminal law
 998212Legal advisory and representation services concerning other fields of law.
 998213Legal documentation and certification services concerning patents, copyrights and other intellectual property rights.
 998214Legal documentation and certification services concerning other documents.
 998215Arbitration and conciliation services
 998216Other legal services n.e.c.
Group 99822 Accounting, auditing and bookkeeping services
 998221Financial auditing services
 998222Accounting and bookkeeping services
 998223Payroll services
 998224Other similar services n.e.c
Group 99823 Tax consultancy and preparation services
 998231Corporate tax consulting and preparation services
 998232Individual tax preparation and planning services
Group 99824 Insolvency and receivership services
 998240Insolvency and receivership services
 998399Other professional, technical and business services n.e.c.
Group 99715 Services auxiliary to financial services (other than to insurance and pensions)
 997151Services related to investment banking such as mergers and acquisition services corporate finance and venture capital services
 997156Financial consultancy services
 997159Other services auxiliary to financial services
Group 99951 Services furnished by business, employers and professional organisations Services
 999511Services furnished by business and employers organisations
 999512Services furnished by professional organisations
Heading 9983 Other professional, technical and business services
Group 99831 Management consulting and management services; information technology services
 998311Management consulting and management services including financial, strategic, human resources, marketing, operations and supply chain management
 998312Business consulting services including public relations services
 998313Information 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

GSTR-1Outward Supply of taxable servicesWithin 10th of next month
GSTR-2Inward Supply of taxable servicesAfter the 10th day but on or before the 15th day of the month succeeding the tax period
GSTR-3Monthly returnOn or before the 20th day of the month succeeding such calendar month or part thereof
GSTR-9Annual returnOn 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 –


MonthGST- 3BGSTR-1GSTR-2 (Auto populated from GSTR-1)
July20th August1th-5th September*6th – 10th September
August20th September16th – 20th September21st-25th September

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

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