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SAC CODE - 999131 : Administrative services related to sickness, maternity or temporary disablement benefit schemes.
GST RATE ON SAC CODE - 999131 IS 18%
Services Accounting Codes (SAC Codes) 999131 is used for the Administrative services related to sickness, maternity or temporary disablement benefit schemes. 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) 999131 - 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 31 represent the detailed nature of service, Administrative services related to sickness, maternity or temporary disablement benefit schemes. in this case.
Explanation Of SAC CODE - 999131
FAQs on SAC Code 999131
What is SAC Code 999131?
SAC Code 999131 refers to "Administrative services related to sickness, maternity or temporary disablement benefit schemes." 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 999131?
The GST rate for SAC Code 999131 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999131?
SAC Code 999131 generally covers services related to "Administrative services related to sickness, maternity or temporary disablement benefit schemes." under the category "Public administration and other services provided to the community as a whole; compulsory social security services" as defined in GST service classification.
Is SAC Code 999131 the same as HSN Code 999131?
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 999131 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 "Administrative services related to sickness, maternity or temporary disablement benefit schemes.".
Where can I verify the latest GST rate for SAC Code 999131?
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.