India SAC codes on rental bills
On an Indian Entity's invoices, rental lines without an HSN/SAC code get one by themselves. They are 997311 for hire without a driver and 996601 for hire with a driver or operator. GST returns and e-invoices then carry the code.
PLANSEvery plan
The problem it solves
- Rental invoices go out with no SAC code, and the GST return needs fixing by hand.
- Self-drive and chauffeur hire need different codes, and the counter does not know which is which.
- The e-invoice is refused for a missing code on a line.
How it works
- Use SmartMy Rental with Indian accounting for your Entity. The codes switch on by themselves, on every plan.
- Set each car or machine's hire use: Dry Hire, Wet Hire, or Dry and Wet.
- When a rental invoice is made, each rental line whose product has no HSN/SAC code gets 997311 for dry hire or 996601 for wet hire.
- A code set on the product always wins, so set your own code on products that need a different one.
Everything it does
The codes
- 997311: renting vehicles without an operator (self-drive, dry hire)
- 996601: renting road vehicles with an operator (chauffeur, wet hire)
- Chosen from the car's hire use: Wet Hire gets 996601; Dry Hire and Dry and Wet get 997311
- A car marked Dry and Wet gets 997311 even when it goes out with your driver. Change the code on that invoice while it is a draft
When they are set
- Only on invoices of an Indian Entity, while the invoice is a draft
- Only on rental lines, and only when the product has no code
- Charges and other lines keep their product's code
Check with your tax adviser
- Machines hired without an operator get the vehicle code too; construction and other machinery may need their own code: set it on the product
- The codes are a starting point, not tax advice
Who uses it
AccountantChecks the codes and sets product codes where a different one applies.
Counter staffBills as usual; the code is filled in on the invoice.
Where you use it
- Web: the HSN/SAC column of rental invoice lines
- GSTR-1 HSN summary and the e-invoice, where you use them
What you control
Settings
- Hire use on each car or machine: Dry Hire, Wet Hire, or Dry and Wet
- HSN/SAC on a product: wins over the rental code
Questions
Do we need to switch anything on?
No. The codes switch on with Indian accounting. Set each car's hire use.We hire out excavators without operators. Which code do we get?
997311, the vehicle code. Construction machinery has its own SAC, so ask your tax adviser and set that code on the machine's product.Can we change the code on one invoice?
Yes, while the invoice is a draft. A code on the product is the lasting fix.Related features
COUNTRY PACKSAgreement clauses for the UAE, UK, India and AustraliaReady-made rental agreement clauses come with SmartMy Rental and SmartMy Sign. There are eight general ones and one or two for each of the UAE, the UK, India and Australia. They are drafts for your lawyer to check, and you add them to your agreement template as terms pages.ACCOUNTINGFull accounting with GST returnsRent invoices, charges, deposits, pay-link payments, fines passed on, supplier bills for cars hired in and car sales all post into the same books. Scale adds the full accounting screens and reports, from ledgers with drill-down to cash flow, and GSTR-1 and GSTR-3B for Indian Entities.BILLING AND PAYMENTSBilling in advance or in arrears, with Bill NowBill short hires at once with Bill Now, and long hires on a weekly, monthly, quarterly, yearly or end-of-hire cycle. Bill in advance or in arrears, grouped as you like. Rent stops at the call-off or return, and time billed ahead and not used comes back as a credit.FLEET AND DEPOTSVehicles and machines in classes, self-drive or with driverEvery car, van or machine is its own bookable item, grouped in classes your customers recognise. Each item says whether it goes out self-drive, with your driver or operator, or both, and what a driver needs to hire it.
See your fleet on it.
Tell us how many cars or machines you hire out, from how many depots, and how bookings reach you today. We will set up your fleet with you on SmartMy Rental.