Boost Your B2B Sales with Getatoz
Get Listed FreeExplore SAC Code of thousands of services.
SAC CODE - 999431 : Waste preparation, consolidation and storage services
GST RATE ON SAC CODE - 999431 IS 18%
Services Accounting Codes (SAC Codes) 999431 is used for the Waste preparation, consolidation and storage services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Sewage and waste collection, treatment and disposal and other environmental protection services.
How Services Accounting Codes (SAC Codes) 999431 - 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 94 represent the major nature of service, Sewage and waste collection, treatment and disposal and other environmental protection services in this case.
The next two digits 31 represent the detailed nature of service, Waste preparation, consolidation and storage services in this case.
Explanation Of SAC CODE - 999431
- consolidation, temporary storage, and preparation of hazardous waste
- consolidation and preparation of hazardous waste for transportation to an appropriate facility that processes waste
- services of drop-off centres, transfer stations and container stations
- ship-breaking
- dismantling of wrecks, such as cars, computers etc., in order to obtain and separate recoverable materials
- consolidation, temporary storage and preparation of non-hazardous recyclable materials
- transfer facility services of non-hazardous recyclable materials
- recovery and preparation of non-hazardous recyclable materials, such as bailing, cleaning, sorting, volume reduction and similar preparation and consolidation of recyclable materials, for transportation to an appropriate facility that processes recyclable materials
- consolidation, temporary storage and preparation of non-hazardous waste
- transfer facility services for non-hazardous waste
- consolidation and preparation of non-hazardous waste for transportation to an appropriate facility that processes waste
FAQs on SAC Code 999431
What is SAC Code 999431?
SAC Code 999431 refers to "Waste preparation, consolidation and storage services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Sewage and waste collection, treatment and disposal and other environmental protection services".
What is the GST rate applicable on SAC Code 999431?
The GST rate for SAC Code 999431 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999431?
This service code includes:consolidation, temporary storage, and preparation of hazardous wasteconsolidation and preparation of hazardous waste for transportation to an appropriate facility that processes wasteservices of drop-off centres, …
Is SAC Code 999431 the same as HSN Code 999431?
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 999431 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Sewage and waste collection, treatment and disposal and other environmental protection services", and the last two digits specify the detailed nature of the service "Waste preparation, consolidation and storage services".
Where can I verify the latest GST rate for SAC Code 999431?
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.