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SAC CODE - 999294 : Other education and training services n.e.c.
GST RATE ON SAC CODE - 999294 IS 18%
| SAC CODE | Description |
|---|---|
| 9992 | Education services |
| 99929 | Other education & training services and educational support services |
| 999294 | Other education and training services n.e.c. |
Services Accounting Codes (SAC Codes) 999294 is used for the Other education and training services n.e.c. 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) 999294 - 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 94 represent the detailed nature of service, Other education and training services n.e.c. in this case.
Explanation Of SAC CODE - 999294
- training for car, bus, lorry and motorcycle driving licences
- training for flying certificates and ship licences
- computer training services
- management training services
- services provided by music camps, science camps, computer camps and other instructional camps, except for sports
- education services not definable by level
- services related to literacy programmes for adults :- 999220, 999231
- higher education services comparable to the regular education system :- 99924, 99925
- cultural education services :- 999291
- education services provided by instructors, coaches, etc., as part of sporting activities :- 999292
FAQs on SAC Code 999294
What is SAC Code 999294?
SAC Code 999294 refers to "Other education and training services n.e.c." 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 999294?
The GST rate for SAC Code 999294 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999294?
This service code includes:training for car, bus, lorry and motorcycle driving licencestraining for flying certificates and ship licencescomputer training servicesmanagement training servicesservices provided by music camps, science camps, …
Is SAC Code 999294 the same as HSN Code 999294?
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 999294 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 and training services n.e.c.".
Where can I verify the latest GST rate for SAC Code 999294?
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.