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SAC CODE - 99873 : Installation services (other than construction)
Services Accounting Codes (SAC Codes) 99873 is used for the Installation services (other than construction) under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Maintenance, repair and installation (except construction) services.
Explanation Of SAC CODE - 99873
FAQs on SAC Code 99873
What is SAC Code 99873?
SAC Code 99873 refers to "Installation services (other than construction)" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Maintenance, repair and installation (except construction) services".
What is the GST rate applicable on SAC Code 99873?
The GST rate for SAC Code 99873 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99873?
This service code includes installation of home theatre systems and other consumer electronics, household goods, and goods not elsewhere classified
Is SAC Code 99873 the same as HSN Code 99873?
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 99873 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Maintenance, repair and installation (except construction) services", and the last two digits specify the detailed nature of the service "Installation services (other than construction)".
Where can I verify the latest GST rate for SAC Code 99873?
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.