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SAC CODE - 998555 : Tour operator services

GST RATE ON SAC CODE - 998555 IS 5%


SAC CODE Description
9985Support services
99855Travel arrangement, tour operator and related services
998555Tour operator services

Services Accounting Codes (SAC Codes) 998555 is used for the Tour operator services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Support services.

How Services Accounting Codes (SAC Codes) 998555 - 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 85 represent the major nature of service, Support services in this case.

The next two digits 55 represent the detailed nature of service, Tour operator services in this case.

Explanation Of SAC CODE - 998555

This service code includes arranging, assembling, and marketing package tours pre-packaged tours, domestic and international; custom package tours for groups, domestic and international

Note: Such a package usually includes buying and reselling passenger and baggage transportation, accommodation, food and sightseeing services. The resulting package tours may be sold to individuals, travel agents or other tour operators.

FAQs on SAC Code 998555

What is SAC Code 998555?

SAC Code 998555 refers to "Tour operator services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Support services".

What is the GST rate applicable on SAC Code 998555?

The GST rate for SAC Code 998555 is 5%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998555?

This service code includes arranging, assembling, and marketing package tours pre-packaged tours, domestic and international; custom package tours for groups, domestic and internationalNote: Such a package usually includes buying and resell…

Is SAC Code 998555 the same as HSN Code 998555?

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 998555 derived?

SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Support services", and the last two digits specify the detailed nature of the service "Tour operator services".

Where can I verify the latest GST rate for SAC Code 998555?

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.