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SAC CODE - 99929 : Other education & training services and educational support services
Services Accounting Codes (SAC Codes) 99929 is used for the Other education & training services and educational support services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Education services.
Explanation Of SAC CODE - 99929
FAQs on SAC Code 99929
What is SAC Code 99929?
SAC Code 99929 refers to "Other education & training services and educational support services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Education services".
What is the GST rate applicable on SAC Code 99929?
The GST rate for SAC Code 99929 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99929?
This service code includes on-instructional services that support educational processes or systems, such as educational consulting, educational guidance counselling services, educational testing evaluation services, educational testing serv…
Is SAC Code 99929 the same as HSN Code 99929?
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 99929 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Education services", and the last two digits specify the detailed nature of the service "Other education & training services and educational support services".
Where can I verify the latest GST rate for SAC Code 99929?
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.