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SAC CODE - 995433 : Excavating and earthmoving services
GST RATE ON SAC CODE - 995433 IS 18%
| SAC CODE | Description |
|---|---|
| 9954 | Construction services |
| 99543 | Site preparation services |
| 995433 | Excavating and earthmoving services |
Services Accounting Codes (SAC Codes) 995433 is used for the Excavating and earthmoving 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.
How Services Accounting Codes (SAC Codes) 995433 - 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 33 represent the detailed nature of service, Excavating and earthmoving services in this case.
Explanation Of SAC CODE - 995433
- large-scale earthwork, excavation, sloping and earthmoving services involving making of embankments or cuttings, prior to highway construction (roads, motorways, railways, etc.);
- digging of trenches, for utilities, urban drainage, various roadworks, etc.;
- digging of conventional ditches for various constructions;
- land recreation work services;
- contaminated top soil stripping work services;
- other excavating and earthmoving work services
- site formation and clearance services :- 54320;
- foundation services :- 54512
FAQs on SAC Code 995433
What is SAC Code 995433?
SAC Code 995433 refers to "Excavating and earthmoving 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 995433?
The GST rate for SAC Code 995433 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 995433?
This service code includes large-scale earthwork, excavation, sloping and earthmoving services involving making of embankments or cuttings, prior to highway construction (roads, motorways, railways, etc.); digging of trenches, for…
Is SAC Code 995433 the same as HSN Code 995433?
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 995433 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 "Excavating and earthmoving services".
Where can I verify the latest GST rate for SAC Code 995433?
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.