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SAC CODE - 998393 : Scientific and technical consulting services
GST RATE ON SAC CODE - 998393 IS 18%
| SAC CODE | Description |
|---|---|
| 9983 | Other professional, technical and business services |
| 99839 | Other professional, technical and business services. |
| 998393 | Scientific and technical consulting services |
Services Accounting Codes (SAC Codes) 998393 is used for the Scientific and technical consulting 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) 998393 - 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 93 represent the detailed nature of service, Scientific and technical consulting services in this case.
Explanation Of SAC CODE - 998393
- environmental assessments, i.e. objective studies undertaken for any one or more of the following purposes: identify whether or not environmental contamination exists at a particular site, and if so determined, the source, nature, and extent of the contamination; assess the risk to public safety and health from environmental contamination associated with a project that is proposed or in place;
- evaluate the impact on the ecology or economy of environmental changes resulting from human or natural activities;
- environmental audits, i.e. independent assessment of the current status of a party's compliance with applicable environmental requirements or of a party's environmental compliance policies, practices and controls;
- site remediation planning services, i.e. preparation of plans for the abatement of environmental contamination, usually at a specific site, that incorporate such technical or other requirements as may be prescribed by law or regulation;
- evaluation of environmental studies, i.e. provision of analysis that explains the strengths or weaknesses of an environmental study and provides the basis for alternative judgments. The evaluation of environmental studies may also include an analysis of future responses to environmental regulators; natural resource management consulting, i.e. provision of objective information, advice, or guidance concerning the best practices for ecologically sustainable development and use of: land; forests; bodies of water; gas, oil, and mineral deposits; wildlife populations and other natural resources;
- waste management consulting, i.e. provision of objective information, advice, or guidance concerning the best practices for the minimization, transport, handling, disposal and/or recycling of waste;
- environmental policy development consulting, i.e. advising public or private institutions on the design, development and implementation of environmental statutes, regulations, standards, or practices;
- other environmental consulting services n.e.c.;
- scientific consulting services from mathematicians, statisticians, etc.;
FAQs on SAC Code 998393
What is SAC Code 998393?
SAC Code 998393 refers to "Scientific and technical consulting 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 998393?
The GST rate for SAC Code 998393 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998393?
This service code includesenvironmental assessments, i.e. objective studies undertaken for any one or more of the following purposes: identify whether or not environmental contamination exists at a particular site, and if so determined, the…
Is SAC Code 998393 the same as HSN Code 998393?
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 998393 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 "Scientific and technical consulting services".
Where can I verify the latest GST rate for SAC Code 998393?
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.