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SAC CODE - 996321 : Room or unit accommodation services for students in student residences
GST RATE ON SAC CODE - 996321 IS 18%
| SAC CODE | Description |
|---|---|
| 9963 | Accommodation, Food and beverage services |
| 99632 | Other accommodation services |
| 996321 | Room or unit accommodation services for students in student residences |
Services Accounting Codes (SAC Codes) 996321 is used for the Room or unit accommodation services for students in student residences under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Accommodation, Food and beverage services.
How Services Accounting Codes (SAC Codes) 996321 - 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 63 represent the major nature of service, Accommodation, Food and beverage services in this case.
The next two digits 21 represent the detailed nature of service, Room or unit accommodation services for students in student residences in this case.
Explanation Of SAC CODE - 996321
FAQs on SAC Code 996321
What is SAC Code 996321?
SAC Code 996321 refers to "Room or unit accommodation services for students in student residences" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Accommodation, Food and beverage services".
What is the GST rate applicable on SAC Code 996321?
The GST rate for SAC Code 996321 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996321?
This service code includes room or unit accommodation services for students in student residences attached to schools and universities.
Is SAC Code 996321 the same as HSN Code 996321?
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 996321 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Accommodation, Food and beverage services", and the last two digits specify the detailed nature of the service "Room or unit accommodation services for students in student residences".
Where can I verify the latest GST rate for SAC Code 996321?
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.