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SAC CODE - 998315 : Hosting and information technology (IT) infrastructure provisioning services
GST RATE ON SAC CODE - 998315 IS 18%
Services Accounting Codes (SAC Codes) 998315 is used for the Hosting and information technology (IT) infrastructure provisioning services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other professional, technical and business services.
How Services Accounting Codes (SAC Codes) 998315 - 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 83 represent the major nature of service, Other professional, technical and business services in this case.
The next two digits 15 represent the detailed nature of service, Hosting and information technology (IT) infrastructure provisioning services in this case.
Explanation Of SAC CODE - 998315
- provision of information technology (IT) infrastructure (hardware, software and networks) to process data, host applications and host processes for a client; provision of the infrastructure to host a customer's website and related files in a location that provides fast, reliable connection to the Internet that may be limited to storage on a single server, in either shared or dedicated capacity, without the service provider managing or integrating software applications (Software hosted on the server is the client's responsibility and service level guarantees are standardized and limited in scope), a bundled service package that consists of the hosting and management of the website and related applications;
- provision of leased software applications from a centralized, hosted, and managed computing environment with integration to the systems and infrastructure of the client (Frequently, consulting, customization and systems integration services are bundled with the hosting and management of the application),where the leased application is not customized and not integrated with other applications of the client (The application is usually accessed over the Word Wide Web. A common example is office suite software applications.);
- collocation services, i.e. the provision of rack space within a secured facility for the placement of servers and enterprise platforms (The service includes the space for the client's hardware and software, connection to the Internet or other communication networks, and routine monitoring of servers. Clients are responsible for the management of the operating system, hardware, and software);
- data storage services, i.e. managing or administrating the storage and back-up management of data such as remote back-up services, storage, or hierarchical storage management(migration);
- data management services, i.e. on-going management and administration of data as an organizational resource (Services may include performing data modeling, data mobilization, data mapping/rationalization, data mining and system architecture.);
- video and audio streaming services, i.e. sending audio and video data over the Internet or providing services associated with the storage, production (including encoding), and support of video and audio streaming over the Internet; other IT hosting or infrastructure provisioning services such as hosting client's application, processing client's data and computer time-share
FAQs on SAC Code 998315
What is SAC Code 998315?
SAC Code 998315 refers to "Hosting and information technology (IT) infrastructure provisioning services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Other professional, technical and business services".
What is the GST rate applicable on SAC Code 998315?
The GST rate for SAC Code 998315 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998315?
This service code includesprovision of information technology (IT) infrastructure (hardware, software and networks) to process data, host applications and host processes for a client; provision of the infrastructure to host a customer's web…
Is SAC Code 998315 the same as HSN Code 998315?
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 998315 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Other professional, technical and business services", and the last two digits specify the detailed nature of the service "Hosting and information technology (IT) infrastructure provisioning services".
Where can I verify the latest GST rate for SAC Code 998315?
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.