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SAC CODE - 997315 : Leasing or rental services concerning computers with or without operators
GST RATE ON SAC CODE - 997315 IS 18%
Services Accounting Codes (SAC Codes) 997315 is used for the Leasing or rental services concerning computers with or without operators under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Leasing or rental services with or without operator.
How Services Accounting Codes (SAC Codes) 997315 - 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 73 represent the major nature of service, Leasing or rental services with or without operator in this case.
The next two digits 15 represent the detailed nature of service, Leasing or rental services concerning computers with or without operators in this case.
Explanation Of SAC CODE - 997315
- leasing, rental or hiring services concerning all kinds of office machinery and equipment, such as photocopiers, typewriters and word processors, accounting machinery and equipment such as electronic calculators, cash registers and other machines incorporating a calculating device
- leasing, rental or hiring services concerning office furniture, safes and the like
- financial leasing of office machinery and equipment :- 997114
- leasing or rental services of computers with or without operator :- 997316
- leasing, rental or hiring services concerning telecommunications equipment :- 997317
FAQs on SAC Code 997315
What is SAC Code 997315?
SAC Code 997315 refers to "Leasing or rental services concerning computers with or without operators" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Leasing or rental services with or without operator".
What is the GST rate applicable on SAC Code 997315?
The GST rate for SAC Code 997315 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 997315?
This service code includes:leasing, rental or hiring services concerning all kinds of office machinery and equipment, such as photocopiers, typewriters and word processors, accounting machinery and equipment such as electronic calculators, …
Is SAC Code 997315 the same as HSN Code 997315?
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 997315 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Leasing or rental services with or without operator", and the last two digits specify the detailed nature of the service "Leasing or rental services concerning computers with or without operators".
Where can I verify the latest GST rate for SAC Code 997315?
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.