Glossary

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There are 4 names in this directory beginning with the letter S.
SAC
The SAC or the Services Accounting Code is a method of nomenclature that will be used to identify, classify and define services under the GST.
Service Tax
Service tax is a tax levied by the government on  service providers on provision of services.
SGST
SGST is State Goods and Service Tax. This tax is levied on intra-state (within the state) transactions. Taxes collected under SGST will be the revenue for State Government
Supply
‘Supply’ includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. Schedule I specified the supply.