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SAC CODE - 998920 : Moulding, pressing, stamping, extruding and similar plastic manufacturing services
GST RATE ON SAC CODE - 998920 IS 18%
Services Accounting Codes (SAC Codes) 998920 is used for the Moulding, pressing, stamping, extruding and similar plastic manufacturing services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other manufacturing services; publishing, printing and reproduction services; materials recovery services.
How Services Accounting Codes (SAC Codes) 998920 - 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 89 represent the major nature of service, Other manufacturing services; publishing, printing and reproduction services; materials recovery services in this case.
The next two digits 20 represent the detailed nature of service, Moulding, pressing, stamping, extruding and similar plastic manufacturing services in this case.
Explanation Of SAC CODE - 998920
FAQs on SAC Code 998920
What is SAC Code 998920?
SAC Code 998920 refers to "Moulding, pressing, stamping, extruding and similar plastic manufacturing services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Other manufacturing services; publishing, printing and reproduction services; materials recovery services".
What is the GST rate applicable on SAC Code 998920?
The GST rate for SAC Code 998920 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998920?
SAC Code 998920 generally covers services related to "Moulding, pressing, stamping, extruding and similar plastic manufacturing services" under the category "Other manufacturing services; publishing, printing and reproduction services; materials recovery services" as defined in GST service classification.
Is SAC Code 998920 the same as HSN Code 998920?
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 998920 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Other manufacturing services; publishing, printing and reproduction services; materials recovery services", and the last two digits specify the detailed nature of the service "Moulding, pressing, stamping, extruding and similar plastic manufacturing services".
Where can I verify the latest GST rate for SAC Code 998920?
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.