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SAC CODE - 998334 : Engineering services for transportation projects

GST RATE ON SAC CODE - 998334 IS 18%


SAC CODE Description
9983Other professional, technical and business services
99833Engineering services
998334Engineering services for transportation projects

Services Accounting Codes (SAC Codes) 998334 is used for the Engineering services for transportation 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) 998334 - 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 34 represent the detailed nature of service, Engineering services for transportation projects in this case.

Explanation Of SAC CODE - 998334

This service code includes the application of physical laws and principles of engineering in the design, development and utilization of machines, materials, instruments, structures, processes and systems for transportation infrastructure projects like engineering services (including provision of designs, plans, and studies) related to highways, roads and streets, including elevated highways used for motor vehicle traffic; bridges and tunnels; ancillary road transport facilities such as rest stops, weigh stations, toll booths; mass transit systems, such as light rail or subway systems; railways and related structures; railway bridges and tunnels; marine and inland ports; harbours, locks, canals, and dams primarily used for transportation purposes; airports, runways, hangars; other aviation facilities; space transportation projects; oil and gas transportation projects; other transportation projects n.e.c.

FAQs on SAC Code 998334

What is SAC Code 998334?

SAC Code 998334 refers to "Engineering services for transportation 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 998334?

The GST rate for SAC Code 998334 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998334?

This service code includes the application of physical laws and principles of engineering in the design, development and utilization of machines, materials, instruments, structures, processes and systems for transportation infrastructure pr…

Is SAC Code 998334 the same as HSN Code 998334?

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 998334 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 transportation projects".

Where can I verify the latest GST rate for SAC Code 998334?

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.