02 August 2024
In the context of GST (Goods and Services Tax) in India, the ITC (Input Tax Credit) code or activity code for a logistics company, including clearing and forwarding services, is associated with specific Service Accounting Codes (SAC). These codes are used for classifying services under GST and for determining the eligibility for input tax credit.
### **Relevant SAC Codes for Logistics and Clearing & Forwarding Services:**
1. **Logistics Services:** - **SAC Code: 9965** - This covers "Support services to transportation," which includes various logistics-related services like warehousing, storage, and transport services.
2. **Clearing and Forwarding Services:** - **SAC Code: 9967** - This pertains to "Cargo Handling Services," which includes clearing and forwarding services.
### **How to Find and Use SAC Codes:**
1. **GST Portal:** - Visit the [GST Portal](https://www.gst.gov.in/). - Use the search functionality or check the GST helpdesk for guidance on SAC codes related to specific services.
2. **Official GST Notifications and Circulars:** - Refer to the GST Act, rules, and official notifications for the most accurate and updated information.
3. **Professional Guidance:** - For accurate classification and claiming ITC, consult with a GST professional or tax consultant. They can help you with the correct SAC codes and ensure compliance with GST regulations.
### **Activity Codes for GST Filing:** When filing GST returns or applying for ITC, use the relevant SAC code associated with your service category to ensure proper classification and eligibility.
- **For Logistics Companies:** Use SAC code 9965. - **For Clearing and Forwarding Services:** Use SAC code 9967.
Ensure that your GST filings and ITC claims are consistent with the SAC codes to avoid issues with compliance and audit.
If you need more detailed information or have specific questions regarding the ITC codes for your activities, the GST portal and professional advisors will be your best resources.