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SAC CODE - 99861 : Support services to agriculture, hunting, forestry and fishing
Services Accounting Codes (SAC Codes) 99861 is used for the Support services to agriculture, hunting, forestry and fishing 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 to agriculture, hunting, forestry, fishing, mining and utilities..
Explanation Of SAC CODE - 99861
FAQs on SAC Code 99861
What is SAC Code 99861?
SAC Code 99861 refers to "Support services to agriculture, hunting, forestry and fishing" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Support services to agriculture, hunting, forestry, fishing, mining and utilities.".
What is the GST rate applicable on SAC Code 99861?
The GST rate for SAC Code 99861 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99861?
This service code includes other support services related to agriculture, hunting, forestry and fishing, n.e.c.
Is SAC Code 99861 the same as HSN Code 99861?
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 99861 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 to agriculture, hunting, forestry, fishing, mining and utilities.", and the last two digits specify the detailed nature of the service "Support services to agriculture, hunting, forestry and fishing".
Where can I verify the latest GST rate for SAC Code 99861?
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.