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SAC CODE - 99543 : Site preparation services
Services Accounting Codes (SAC Codes) 99543 is used for the Site preparation services 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 - 99543
FAQs on SAC Code 99543
What is SAC Code 99543?
SAC Code 99543 refers to "Site preparation services" 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 99543?
The GST rate for SAC Code 99543 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99543?
This service code includes services involving repair, alterations, additions, replacements, maintenance of the site preparations covered above.
Is SAC Code 99543 the same as HSN Code 99543?
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 99543 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 "Site preparation services".
Where can I verify the latest GST rate for SAC Code 99543?
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.