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SAC CODE - 999124 : Military defence services
GST RATE ON SAC CODE - 999124 IS 18%
Services Accounting Codes (SAC Codes) 999124 is used for the Military defence services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Public administration and other services provided to the community as a whole; compulsory social security services.
How Services Accounting Codes (SAC Codes) 999124 - 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 91 represent the major nature of service, Public administration and other services provided to the community as a whole; compulsory social security services in this case.
The next two digits 24 represent the detailed nature of service, Military defence services in this case.
Explanation Of SAC CODE - 999124
- administrative, operational and supervisory services related to military defence and forces: land, sea, air and space defence forces;
- military engineering, transport, communications;
- military intelligence; material, personnel, and other non-combat forces and commands;
- reserve and auxiliary forces attached to the department of defence;
- services related to the provision of equipment, structures, supplies, etc., plus health services for military personnel in the field administrative and support services related to defence-related applied research and experimental development.
FAQs on SAC Code 999124
What is SAC Code 999124?
SAC Code 999124 refers to "Military defence services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Public administration and other services provided to the community as a whole; compulsory social security services".
What is the GST rate applicable on SAC Code 999124?
The GST rate for SAC Code 999124 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999124?
This service code includesadministrative, operational and supervisory services related to military defence and forces: land, sea, air and space defence forces;military engineering, transport, communications;military intelligence; material, …
Is SAC Code 999124 the same as HSN Code 999124?
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 999124 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Public administration and other services provided to the community as a whole; compulsory social security services", and the last two digits specify the detailed nature of the service "Military defence services".
Where can I verify the latest GST rate for SAC Code 999124?
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.