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SAC CODE - 998614 : Support services to forestry and logging
GST RATE ON SAC CODE - 998614 IS 18%
Services Accounting Codes (SAC Codes) 998614 is used for the Support services to forestry and logging 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..
How Services Accounting Codes (SAC Codes) 998614 - 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 86 represent the major nature of service, Support services to agriculture, hunting, forestry, fishing, mining and utilities. in this case.
The next two digits 14 represent the detailed nature of service, Support services to forestry and logging in this case.
Explanation Of SAC CODE - 998614
- planting, pruning or thinning of trees and bushes as part of landscaping :- 998597
FAQs on SAC Code 998614
What is SAC Code 998614?
SAC Code 998614 refers to "Support services to forestry and logging" 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 998614?
The GST rate for SAC Code 998614 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998614?
This service code includes services involving operation of a forestry or logging unit on a fee or contract basis; forest tree nursery services; services related to forestry production, such as transplanting, replanting, thinning, forestry i…
Is SAC Code 998614 the same as HSN Code 998614?
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 998614 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 forestry and logging".
Where can I verify the latest GST rate for SAC Code 998614?
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.