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SAC CODE - 99844 : News agency services
Services Accounting Codes (SAC Codes) 99844 is used for the News agency 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.
Explanation Of SAC CODE - 99844
FAQs on SAC Code 99844
What is SAC Code 99844?
SAC Code 99844 refers to "News agency 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 99844?
The GST rate for SAC Code 99844 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99844?
This service code includes gathering, investigating and supply services of news (manuscripts, photos, images) to radio or television stations and movie companies; services rendered by independent journalists of audiovisual media and press c…
Is SAC Code 99844 the same as HSN Code 99844?
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 99844 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 "News agency services".
Where can I verify the latest GST rate for SAC Code 99844?
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.