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SAC CODE - 996791 : Goods transport agency services for road transport
GST RATE ON SAC CODE - 996791 IS 5%
| SAC CODE | Description |
|---|---|
| 9967 | Supporting services in transport |
| 99679 | Other supporting transport services |
| 996791 | Goods transport agency services for road transport |
Services Accounting Codes (SAC Codes) 996791 is used for the Goods transport agency services for road transport under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Supporting services in transport.
How Services Accounting Codes (SAC Codes) 996791 - 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 67 represent the major nature of service, Supporting services in transport in this case.
The next two digits 91 represent the detailed nature of service, Goods transport agency services for road transport in this case.
Explanation Of SAC CODE - 996791
FAQs on SAC Code 996791
What is SAC Code 996791?
SAC Code 996791 refers to "Goods transport agency services for road transport" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Supporting services in transport".
What is the GST rate applicable on SAC Code 996791?
The GST rate for SAC Code 996791 is 5%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996791?
This service code includes freight brokerage services; freight forwarding services (primarily transport organization or arrangement services on behalf of the consignor or consignee); freight consolidation and break-bulk services
Is SAC Code 996791 the same as HSN Code 996791?
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 996791 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Supporting services in transport", and the last two digits specify the detailed nature of the service "Goods transport agency services for road transport".
Where can I verify the latest GST rate for SAC Code 996791?
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.