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SAC CODE - 998421 : Internet backbone services
GST RATE ON SAC CODE - 998421 IS 18%
| SAC CODE | Description |
|---|---|
| 9984 | Telecommunications, broadcasting and information supply services |
| 99842 | Internet telecommunications services |
| 998421 | Internet backbone services |
Services Accounting Codes (SAC Codes) 998421 is used for the Internet backbone services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Telecommunications, broadcasting and information supply services.
How Services Accounting Codes (SAC Codes) 998421 - 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 84 represent the major nature of service, Telecommunications, broadcasting and information supply services in this case.
The next two digits 21 represent the detailed nature of service, Internet backbone services in this case.
Explanation Of SAC CODE - 998421
FAQs on SAC Code 998421
What is SAC Code 998421?
SAC Code 998421 refers to "Internet backbone services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Telecommunications, broadcasting and information supply services".
What is the GST rate applicable on SAC Code 998421?
The GST rate for SAC Code 998421 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998421?
This service code includes carrier services of Internet traffic by one ISP for another ISP (generally known in the industry as peering and transit charges)
Is SAC Code 998421 the same as HSN Code 998421?
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 998421 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Telecommunications, broadcasting and information supply services", and the last two digits specify the detailed nature of the service "Internet backbone services".
Where can I verify the latest GST rate for SAC Code 998421?
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.