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SAC CODE - 998332 : Engineering services for building projects
GST RATE ON SAC CODE - 998332 IS 18%
| SAC CODE | Description |
|---|---|
| 9983 | Other professional, technical and business services |
| 99833 | Engineering services |
| 998332 | Engineering services for building projects |
Services Accounting Codes (SAC Codes) 998332 is used for the Engineering services for building projects 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) 998332 - 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 32 represent the detailed nature of service, Engineering services for building projects in this case.
Explanation Of SAC CODE - 998332
- the application of physical laws and principles of engineering in the design, development and utilization of machines, materials, instruments, structures, processes and systems for building projects like provision of designs, plans, and studies related to residential building projects, such as new and existing homes, row housing, apartments, etc., mixed-use buildings that are predominantly used for residential housing;
- provision of designs, plans, and studies related to new and existing commercial, public and institutional building projects, including mixed-use buildings that are predominantly used for commercial, public, or institutional purposes, such as office buildings, shopping centres, hotels and restaurants, service stations and warehouses, bus and truck terminals, hospitals, schools, churches, prisons, stadiums and arenas, libraries and museums; engineering advisory services that are related to specific residential, commercial, public or institutional building projects
- engineering advisory services not related to a specific project :- 998331
FAQs on SAC Code 998332
What is SAC Code 998332?
SAC Code 998332 refers to "Engineering services for building projects" 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 998332?
The GST rate for SAC Code 998332 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998332?
This service code includesthe application of physical laws and principles of engineering in the design, development and utilization of machines, materials, instruments, structures, processes and systems for building projects like provision …
Is SAC Code 998332 the same as HSN Code 998332?
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 998332 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 services for building projects".
Where can I verify the latest GST rate for SAC Code 998332?
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.