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SAC CODE - 999293 : Commercial training and coaching services
GST RATE ON SAC CODE - 999293 IS 18%
| SAC CODE | Description |
|---|---|
| 9992 | Education services |
| 99929 | Other education & training services and educational support services |
| 999293 | Commercial training and coaching services |
Services Accounting Codes (SAC Codes) 999293 is used for the Commercial training and coaching 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.
How Services Accounting Codes (SAC Codes) 999293 - 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 92 represent the major nature of service, Education services in this case.
The next two digits 93 represent the detailed nature of service, Commercial training and coaching services in this case.
Explanation Of SAC CODE - 999293
FAQs on SAC Code 999293
What is SAC Code 999293?
SAC Code 999293 refers to "Commercial training and coaching 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 999293?
The GST rate for SAC Code 999293 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999293?
This service code includes any training or coaching provided by any institute or establishment providing commercial training or coaching for imparting skill or knowledge or lessons on any subject or field other than the sports, with or with…
Is SAC Code 999293 the same as HSN Code 999293?
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 999293 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 "Commercial training and coaching services".
Where can I verify the latest GST rate for SAC Code 999293?
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.