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SAC CODE - 995416 : Construction Services of other buildings n.e.c
GST RATE ON SAC CODE - 995416 IS 18%
| SAC CODE | Description |
|---|---|
| 9954 | Construction services |
| 99541 | Construction services of buildings |
| 995416 | Construction Services of other buildings n.e.c |
Services Accounting Codes (SAC Codes) 995416 is used for the Construction Services of other buildings n.e.c 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.
How Services Accounting Codes (SAC Codes) 995416 - is Derived?
A uniform format is followed to generate the Service Accounting Code.
The first two digits are 99 always for services.
The next two digits 54 represent the major nature of service, Construction services in this case.
The next two digits 16 represent the detailed nature of service, Construction Services of other buildings n.e.c in this case.
Explanation Of SAC CODE - 995416
FAQs on SAC Code 995416
What is SAC Code 995416?
SAC Code 995416 refers to "Construction Services of other buildings n.e.c" 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 995416?
The GST rate for SAC Code 995416 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 995416?
This service code includes construction of other buildings not elsewhere specifically classified.
Is SAC Code 995416 the same as HSN Code 995416?
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 995416 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 other buildings n.e.c".
Where can I verify the latest GST rate for SAC Code 995416?
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.