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SAC CODE - 99692 : Water distribution and other services
Services Accounting Codes (SAC Codes) 99692 is used for the Water distribution and other 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.
Explanation Of SAC CODE - 99692
FAQs on SAC Code 99692
What is SAC Code 99692?
SAC Code 99692 refers to "Water distribution and other 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 99692?
The GST rate for SAC Code 99692 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99692?
SAC Code 99692 generally covers services related to "Water distribution and other services" under the category "Electricity, gas, water and other distribution services" as defined in GST service classification.
Is SAC Code 99692 the same as HSN Code 99692?
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 99692 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 "Water distribution and other services".
Where can I verify the latest GST rate for SAC Code 99692?
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.