Harmonized System of Nomenclature (HSN) – used for taxation purposes in identifying the rates of tax applicable to products.
Services Accounting Code (SAC) – like HSN this is used for the type of services provided
HSN code and SAC code are already set up by default when Installing India Localization Tax engine Suiteapp
Creating HSN, SAC code:
Customization > List, Records & Fields > Record type
Look for India Tax HSN and SAC code for GST and click the new record link for it
In the Name field, enter a unique name
In the HSN/SAC code field, enter HSN/SAC code
In the HSN/SAC description field, enter the description for the HSN/SAC code
Click Save
We can make changes to the existing HSN/SAC code, select from the list, and click edit and make necessary changes and save it