Boost Your B2B Sales with Getatoz

Get Listed Free
Browse SAC Code

Explore SAC Code of thousands of services.

SAC CODE - 998339 : Project management services for construction projects

GST RATE ON SAC CODE - 998339 IS 18%


SAC CODE Description
9983Other professional, technical and business services
99833Engineering services
998339Project management services for construction projects

Services Accounting Codes (SAC Codes) 998339 is used for the Project management services for construction 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) 998339 - 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 39 represent the detailed nature of service, Project management services for construction projects in this case.

Explanation Of SAC CODE - 998339

This service code includes services of assuming overall responsibility for the successful completion of a construction project on behalf of a client, including organizing the financing and the design, requesting tenders, and performing management and control functions; project management services provided by engineers or architects

This service code does not include:
  1. general construction services :- 99541, 99542.

FAQs on SAC Code 998339

What is SAC Code 998339?

SAC Code 998339 refers to "Project management services for construction 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 998339?

The GST rate for SAC Code 998339 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998339?

This service code includes services of assuming overall responsibility for the successful completion of a construction project on behalf of a client, including organizing the financing and the design, requesting tenders, and performing mana…

Is SAC Code 998339 the same as HSN Code 998339?

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 998339 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 "Project management services for construction projects".

Where can I verify the latest GST rate for SAC Code 998339?

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.