Boost Your B2B Sales with Getatoz
Get Listed FreeExplore SAC Code of thousands of services.
SAC CODE - 996603 : Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator
GST RATE ON SAC CODE - 996603 IS 18%
Services Accounting Codes (SAC Codes) 996603 is used for the Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Rental services of transport vehicles with or without operators.
How Services Accounting Codes (SAC Codes) 996603 - 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 66 represent the major nature of service, Rental services of transport vehicles with or without operators in this case.
The next two digits 03 represent the detailed nature of service, Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator in this case.
Explanation Of SAC CODE - 996603
FAQs on SAC Code 996603
What is SAC Code 996603?
SAC Code 996603 refers to "Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Rental services of transport vehicles with or without operators".
What is the GST rate applicable on SAC Code 996603?
The GST rate for SAC Code 996603 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996603?
This service code includes rental services of passenger aircraft or aircraft suitable for passenger and/or freight (including helicopters) with or without crew
Is SAC Code 996603 the same as HSN Code 996603?
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 996603 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Rental services of transport vehicles with or without operators", and the last two digits specify the detailed nature of the service "Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator".
Where can I verify the latest GST rate for SAC Code 996603?
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.