Dear Expert,
I have a query regarding Design Service Import from our Parent Company from Japan. Currently we are paying IGST (RCM) on reverse charge basis on import of Design Service from Japan. Since it's an Import, so I need to mention 6 digit SAC code in self invoicing to claim IGST Input.
Our parent company is an original design maker and manufacturer of the furnaces. So which SAC code should I mention:
1.) 998391: Speciality Designs
2.) 998392: Design Originals
Though GST rate for both is 18%, please someone clear the doubts.
Regards
Khem Raj
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
Sac code: 998392