Service accounting code or SAC is a system of classification framed by the Central Board of Indirect Taxes and Customs (CBIC). These codes are used to identify services and GST Rates to compute tax liability.
SAC (Services and Accounting Code) codes depend on the Harmonized System of Nomenclature which is a globally perceived framework for arranging and classifying all the services. This framework empowers the consistence of GST dependent on universal principles. It will give a typical structure to the government for the collection of data or analyzing the equivalent.
Source: mastersindia.co
