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SAC CODE - 998451 : Library services

GST RATE ON SAC CODE - 998451 IS 18%


SAC CODE Description
9984Telecommunications, broadcasting and information supply services
99845Library and archive services
998451Library services

Services Accounting Codes (SAC Codes) 998451 is used for the Library 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) 998451 - 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 51 represent the detailed nature of service, Library services in this case.

Explanation Of SAC CODE - 998451

This service code includes collection, cataloguing, conservation and retrieval services of books and the like; lending services of books and records

This service code does not include:
  1. rental services of videotapes :- 997322
  2. rental services of books :- 997329

FAQs on SAC Code 998451

What is SAC Code 998451?

SAC Code 998451 refers to "Library 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 998451?

The GST rate for SAC Code 998451 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998451?

This service code includes collection, cataloguing, conservation and retrieval services of books and the like; lending services of books and recordsThis service code does not include:rental services of videotapes :- 997322rental services of…

Is SAC Code 998451 the same as HSN Code 998451?

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 998451 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 "Library services".

Where can I verify the latest GST rate for SAC Code 998451?

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.