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SAC CODE - 998316 : IT infrastructure and network management services
GST RATE ON SAC CODE - 998316 IS 18%
Services Accounting Codes (SAC Codes) 998316 is used for the IT infrastructure and network management 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) 998316 - 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 16 represent the detailed nature of service, IT infrastructure and network management services in this case.
Explanation Of SAC CODE - 998316
- managing and monitoring a client's IT infrastructure including hardware, software and networks;
- managing and monitoring communication networks and connected hardware to diagnose networking problems and gather capacity and usage statistics for the administration and fine-tuning of network traffic. These services also remotely manage security systems or provide security-related services- provision of day-to-day management and operation of a client's computer system
FAQs on SAC Code 998316
What is SAC Code 998316?
SAC Code 998316 refers to "IT infrastructure and network management 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 998316?
The GST rate for SAC Code 998316 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998316?
This service code includesmanaging and monitoring a client's IT infrastructure including hardware, software and networks;managing and monitoring communication networks and connected hardware to diagnose networking problems and gather capaci…
Is SAC Code 998316 the same as HSN Code 998316?
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 998316 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 "IT infrastructure and network management services".
Where can I verify the latest GST rate for SAC Code 998316?
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.