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SAC CODE - 998396 : Trademarks and franchises

GST RATE ON SAC CODE - 998396 IS 18%


SAC CODE Description
9983Other professional, technical and business services
99839Other professional, technical and business services.
998396Trademarks and franchises

Services Accounting Codes (SAC Codes) 998396 is used for the Trademarks and franchises 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) 998396 - 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 96 represent the detailed nature of service, Trademarks and franchises in this case.

Explanation Of SAC CODE - 998396

This service code includes original trademarks and franchises, i.e. the legally registered ownership of a certain brand name. Note: These products are produced on own account with the intent of deriving benefits from allowing others to use these trademarks or franchises.

This service code does not include:
  1. licensing services for the right to use trademarks and franchises :- 997336
  2. research and development work leading to a product or concept that is being trademarked :- 9981
  3. advisory services for the organization of marketing channels (including franchises) :- 998311
  4. management services for rights to trademarks and franchises :- 998599

FAQs on SAC Code 998396

What is SAC Code 998396?

SAC Code 998396 refers to "Trademarks and franchises" 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 998396?

The GST rate for SAC Code 998396 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998396?

This service code includes original trademarks and franchises, i.e. the legally registered ownership of a certain brand name. Note: These products are produced on own account with the intent of deriving benefits from allowing others to use …

Is SAC Code 998396 the same as HSN Code 998396?

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 998396 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 "Trademarks and franchises".

Where can I verify the latest GST rate for SAC Code 998396?

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.