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SAC CODE - 998331 : Engineering advisory services

GST RATE ON SAC CODE - 998331 IS 18%


SAC CODE Description
9983Other professional, technical and business services
99833Engineering services
998331Engineering advisory services

Services Accounting Codes (SAC Codes) 998331 is used for the Engineering advisory 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) 998331 - 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 31 represent the detailed nature of service, Engineering advisory services in this case.

Explanation Of SAC CODE - 998331

This service code includes provision of advice to clients concerning engineering principles and methods, when performed independently of an engineering project, including policy analysis, regulatory studies and audits; provision of testimony by a witness who, by virtue of experience, training, skill or knowledge of engineering, is recognized as being qualified to render an informed opinion on such matters; engineering investigation of a failed engineered system or structure to determine causal factors

This service code does not include:
  1. advice, studies, and reports performed in conjunction with a project :- based on the project type under 998332, 998333, 998334, 998335, 998336, 998337, 998338

FAQs on SAC Code 998331

What is SAC Code 998331?

SAC Code 998331 refers to "Engineering advisory 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 998331?

The GST rate for SAC Code 998331 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998331?

This service code includes provision of advice to clients concerning engineering principles and methods, when performed independently of an engineering project, including policy analysis, regulatory studies and audits; provision of testimon…

Is SAC Code 998331 the same as HSN Code 998331?

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 998331 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 "Engineering advisory services".

Where can I verify the latest GST rate for SAC Code 998331?

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.