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SAC CODE - 998422 : Internet access services in wired and wireless mode.
GST RATE ON SAC CODE - 998422 IS 18%
| SAC CODE | Description |
|---|---|
| 9984 | Telecommunications, broadcasting and information supply services |
| 99842 | Internet telecommunications services |
| 998422 | Internet access services in wired and wireless mode. |
Services Accounting Codes (SAC Codes) 998422 is used for the Internet access services in wired and wireless mode. 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) 998422 - 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 22 represent the detailed nature of service, Internet access services in wired and wireless mode. in this case.
Explanation Of SAC CODE - 998422
- provision of a direct narrowband connection (i.e. at downstream speeds of less than 256 kbit/s) or direct broadband connection (i.e. at downstream speeds greater or equal to 256 kbit/s) to the Internet, including wired, wireless, satellite and terrestrial fixed wireless Internet services. The Internet Service Provider (ISP) may also provide free services along with Internet access such as e-mail, space for the customer's web page, tools for simple web page design, chat, security software (virus protection, spyware protection, firewall) and technical support. This service may also include remote access or other types of Internet access and package upgrades such as international roaming and extra e-mail boxes, usually for additional costs to customers.
FAQs on SAC Code 998422
What is SAC Code 998422?
SAC Code 998422 refers to "Internet access services in wired and wireless mode." 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 998422?
The GST rate for SAC Code 998422 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998422?
This service code includesprovision of a direct narrowband connection (i.e. at downstream speeds of less than 256 kbit/s) or direct broadband connection (i.e. at downstream speeds greater or equal to 256 kbit/s) to the Internet, including w…
Is SAC Code 998422 the same as HSN Code 998422?
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 998422 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 access services in wired and wireless mode.".
Where can I verify the latest GST rate for SAC Code 998422?
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.