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SAC CODE - 996522 : Inland water transport services of goods by refrigerator vessels, tankers and other vessels.
GST RATE ON SAC CODE - 996522 IS NIL
| SAC CODE | Description |
|---|---|
| 9965 | Goods Transport Services |
| 99652 | Water transport services of goods |
| 996522 | Inland water transport services of goods by refrigerator vessels, tankers and other vessels. |
Services Accounting Codes (SAC Codes) 996522 is used for the Inland water transport services of goods by refrigerator vessels, tankers and other vessels. under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Goods Transport Services.
How Services Accounting Codes (SAC Codes) 996522 - 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 65 represent the major nature of service, Goods Transport Services in this case.
The next two digits 22 represent the detailed nature of service, Inland water transport services of goods by refrigerator vessels, tankers and other vessels. in this case.
Explanation Of SAC CODE - 996522
- inland water transportation of frozen or refrigerated goods in specially refrigerated compartments;
- inland water transportation of crude oil in special tankers;
- inland water transportation of other bulk liquids or gases such as natural gas, methane and refined petroleum products in special tankers;
- inland water transportation of individual articles and packages assembled and shipped in specially constructed containers designed for ease of handling in transport;
- barge towing services on inland waterways and on canals, when provided by tugboats;
- towing services of oil rigs, floating cranes, dredging vessels and buoys, as well as ships' hulls and incomplete vessels, on inland waters;
- inland water transportation of goods not elsewhere classified.
FAQs on SAC Code 996522
What is SAC Code 996522?
SAC Code 996522 refers to "Inland water transport services of goods by refrigerator vessels, tankers and other vessels." under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Goods Transport Services".
What is the GST rate applicable on SAC Code 996522?
The GST rate for SAC Code 996522 is NIL. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996522?
This service code includes inland water transportation of frozen or refrigerated goods in specially refrigerated compartments; inland water transportation of crude oil in special tankers; inland water transportation of other …
Is SAC Code 996522 the same as HSN Code 996522?
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 996522 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Goods Transport Services", and the last two digits specify the detailed nature of the service "Inland water transport services of goods by refrigerator vessels, tankers and other vessels.".
Where can I verify the latest GST rate for SAC Code 996522?
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.