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SAC CODE - 996912 : Electricity distribution services
GST RATE ON SAC CODE - 996912 IS 18%
| SAC CODE | Description |
|---|---|
| 9969 | Electricity, gas, water and other distribution services |
| 99691 | Electricity and gas distribution services |
| 996912 | Electricity distribution services |
Services Accounting Codes (SAC Codes) 996912 is used for the Electricity distribution services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Electricity, gas, water and other distribution services.
How Services Accounting Codes (SAC Codes) 996912 - 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 69 represent the major nature of service, Electricity, gas, water and other distribution services in this case.
The next two digits 12 represent the detailed nature of service, Electricity distribution services in this case.
Explanation Of SAC CODE - 996912
FAQs on SAC Code 996912
What is SAC Code 996912?
SAC Code 996912 refers to "Electricity distribution services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Electricity, gas, water and other distribution services".
What is the GST rate applicable on SAC Code 996912?
The GST rate for SAC Code 996912 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996912?
This service code includes services involving distribution of electricity; maintenance of electric meters
Is SAC Code 996912 the same as HSN Code 996912?
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 996912 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Electricity, gas, water and other distribution services", and the last two digits specify the detailed nature of the service "Electricity distribution services".
Where can I verify the latest GST rate for SAC Code 996912?
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.