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SAC CODE - 995464 : Gas fitting installation services
GST RATE ON SAC CODE - 995464 IS 18%
| SAC CODE | Description |
|---|---|
| 9954 | Construction services |
| 99546 | Installation services |
| 995464 | Gas fitting installation services |
Services Accounting Codes (SAC Codes) 995464 is used for the Gas fitting installation 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) 995464 - 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 64 represent the detailed nature of service, Gas fitting installation services in this case.
Explanation Of SAC CODE - 995464
- installation services of parts and equipment for the supply or conduct of oxygen and other gases used in hospitals, homes etc;
- connection of other gas-operated equipment;
FAQs on SAC Code 995464
What is SAC Code 995464?
SAC Code 995464 refers to "Gas fitting installation 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 995464?
The GST rate for SAC Code 995464 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 995464?
This service code includes installation services of parts and equipment for the supply or conduct of oxygen and other gases used in hospitals, homes etc; connection of other gas-operated equipment;
Is SAC Code 995464 the same as HSN Code 995464?
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 995464 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 "Gas fitting installation services".
Where can I verify the latest GST rate for SAC Code 995464?
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.