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SAC CODE - 998345 : Weather forecasting and meteorological services
GST RATE ON SAC CODE - 998345 IS 18%
| SAC CODE | Description |
|---|---|
| 9983 | Other professional, technical and business services |
| 99834 | Scientific and other technical services |
| 998345 | Weather forecasting and meteorological services |
Services Accounting Codes (SAC Codes) 998345 is used for the Weather forecasting and meteorological 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) 998345 - 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 45 represent the detailed nature of service, Weather forecasting and meteorological services in this case.
Explanation Of SAC CODE - 998345
FAQs on SAC Code 998345
What is SAC Code 998345?
SAC Code 998345 refers to "Weather forecasting and meteorological 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 998345?
The GST rate for SAC Code 998345 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998345?
This service code includes providing meteorological analysis of the atmosphere and predicting weather processes and weather conditions
Is SAC Code 998345 the same as HSN Code 998345?
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 998345 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 "Weather forecasting and meteorological services".
Where can I verify the latest GST rate for SAC Code 998345?
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.