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SAC CODE - 99541 : Construction services of buildings
Services Accounting Codes (SAC Codes) 99541 is used for the Construction services of buildings under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Construction services.
Explanation Of SAC CODE - 99541
FAQs on SAC Code 99541
What is SAC Code 99541?
SAC Code 99541 refers to "Construction services of buildings" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Construction services".
What is the GST rate applicable on SAC Code 99541?
The GST rate for SAC Code 99541 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99541?
This service code includes services involving repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings covered above.
Is SAC Code 99541 the same as HSN Code 99541?
No. SAC codes are used for services, whereas HSN codes are used for goods. Since services fall under GST Chapter 99, SAC codes are sometimes informally referred to as HSN codes in common searches.
How is SAC Code 99541 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Construction services", and the last two digits specify the detailed nature of the service "Construction services of buildings".
Where can I verify the latest GST rate for SAC Code 99541?
You can verify the latest and applicable GST rate from the official CBIC website at https://www.cbic.gov.in.
Disclaimer: The information provided above is for general reference only. SAC descriptions and GST rates are subject to change based on notifications issued by the Government of India. Users are advised to verify the latest and applicable details from the official CBIC (Central Board of Indirect Taxes & Customs) website.