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SAC CODE - 996929 : Other similar services.
GST RATE ON SAC CODE - 996929 IS 18%
| SAC CODE | Description |
|---|---|
| 9969 | Electricity, gas, water and other distribution services |
| 99692 | Water distribution and other services |
| 996929 | Other similar services. |
Services Accounting Codes (SAC Codes) 996929 is used for the Other similar 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) 996929 - 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 29 represent the detailed nature of service, Other similar services. in this case.
Explanation Of SAC CODE - 996929
FAQs on SAC Code 996929
What is SAC Code 996929?
SAC Code 996929 refers to "Other similar 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 996929?
The GST rate for SAC Code 996929 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996929?
SAC Code 996929 generally covers services related to "Other similar services." under the category "Electricity, gas, water and other distribution services" as defined in GST service classification.
Is SAC Code 996929 the same as HSN Code 996929?
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 996929 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 "Other similar services.".
Where can I verify the latest GST rate for SAC Code 996929?
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.