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.
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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