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SAC CODE - 99863 : Support services to electricity, gas and water distribution
Services Accounting Codes (SAC Codes) 99863 is used for the Support services to electricity, gas and water distribution 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 - 99863
FAQs on SAC Code 99863
What is SAC Code 99863?
SAC Code 99863 refers to "Support services to electricity, gas and water distribution" 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 99863?
The GST rate for SAC Code 99863 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99863?
This service code includes support services to distribution services of steam, hot water and air-conditioning supply through mains.
Is SAC Code 99863 the same as HSN Code 99863?
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 99863 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 electricity, gas and water distribution".
Where can I verify the latest GST rate for SAC Code 99863?
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.