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SAC CODE - 99621 : Services in retail trade
| SAC CODE | Description |
|---|---|
| 9962 | Services in retail trade |
| 99621 | Services in retail trade |
| 996211 | Services provided for a fee/commission or contract basis on retail trade |
Services Accounting Codes (SAC Codes) 99621 is used for the Services in retail trade under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Services in retail trade.
Explanation Of SAC CODE - 99621
FAQs on SAC Code 99621
What is SAC Code 99621?
SAC Code 99621 refers to "Services in retail trade" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Services in retail trade".
What is the GST rate applicable on SAC Code 99621?
The GST rate for SAC Code 99621 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99621?
SAC Code 99621 generally covers services related to "Services in retail trade" under the category "Services in retail trade" as defined in GST service classification.
Is SAC Code 99621 the same as HSN Code 99621?
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 99621 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Services in retail trade", and the last two digits specify the detailed nature of the service "Services in retail trade".
Where can I verify the latest GST rate for SAC Code 99621?
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.