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SAC CODE - 99814 : Research and development originals


SAC CODE Description
9981Research and development services
99814Research and development originals
998141Research and development originals in pharmaceuticals
998142Research and development originals in agriculture
998143Research and development originals in biotechnology
998144Research and development originals in computer related sciences
998145Research and development originals in other fields n.e.c.

Services Accounting Codes (SAC Codes) 99814 is used for the Research and development originals under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Research and development services.

Explanation Of SAC CODE - 99814

This service code includes scientific originals, i.e. ideas, plans, blueprints, formulas for inventions, products and processes, which can be protected and licensed as industrial property, trade secrets, patents, etc. related to other fields n.e.c

FAQs on SAC Code 99814

What is SAC Code 99814?

SAC Code 99814 refers to "Research and development originals" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Research and development services".

What is the GST rate applicable on SAC Code 99814?

The GST rate for SAC Code 99814 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 99814?

This service code includes scientific originals, i.e. ideas, plans, blueprints, formulas for inventions, products and processes, which can be protected and licensed as industrial property, trade secrets, patents, etc. related to other field…

Is SAC Code 99814 the same as HSN Code 99814?

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 99814 derived?

SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Research and development services", and the last two digits specify the detailed nature of the service "Research and development originals".

Where can I verify the latest GST rate for SAC Code 99814?

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.