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SAC CODE - 998932 : Non-ferrous metal casting services
GST RATE ON SAC CODE - 998932 IS 18%
Services Accounting Codes (SAC Codes) 998932 is used for the Non-ferrous metal casting 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) 998932 - 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 32 represent the detailed nature of service, Non-ferrous metal casting services in this case.
Explanation Of SAC CODE - 998932
FAQs on SAC Code 998932
What is SAC Code 998932?
SAC Code 998932 refers to "Non-ferrous metal casting 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 998932?
The GST rate for SAC Code 998932 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998932?
This service code includes casting services of light metals and other non-ferrous metalsNote: The resulting intermediate casting products are typically not identifiable in the Harmonized Commodity Description and Coding System based on thei…
Is SAC Code 998932 the same as HSN Code 998932?
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 998932 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 "Non-ferrous metal casting services".
Where can I verify the latest GST rate for SAC Code 998932?
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.