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SAC CODE - 999651 : Sports and recreational sports event promotion and organization services
GST RATE ON SAC CODE - 999651 IS 18%
| SAC CODE | Description |
|---|---|
| 9996 | Recreational, cultural and sporting services |
| 99965 | Sports and recreational sports services |
| 999651 | Sports and recreational sports event promotion and organization services |
Services Accounting Codes (SAC Codes) 999651 is used for the Sports and recreational sports event promotion and organization services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Recreational, cultural and sporting services.
How Services Accounting Codes (SAC Codes) 999651 - 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 96 represent the major nature of service, Recreational, cultural and sporting services in this case.
The next two digits 51 represent the detailed nature of service, Sports and recreational sports event promotion and organization services in this case.
Explanation Of SAC CODE - 999651
- services provided by producers or promoters of sports events, with or without facilities
- organization and management of sports events by sports clubs offering the opportunity for sports, e.g., football clubs, bowling clubs, swimming clubs, golf clubs, boxing clubs, body-building clubs, winter sports clubs, chess clubs, track and field clubs, etc.
FAQs on SAC Code 999651
What is SAC Code 999651?
SAC Code 999651 refers to "Sports and recreational sports event promotion and organization services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Recreational, cultural and sporting services".
What is the GST rate applicable on SAC Code 999651?
The GST rate for SAC Code 999651 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999651?
This service code includes:services provided by producers or promoters of sports events, with or without facilitiesorganization and management of sports events by sports clubs offering the opportunity for sports, e.g., football clubs, bowli…
Is SAC Code 999651 the same as HSN Code 999651?
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 999651 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Recreational, cultural and sporting services", and the last two digits specify the detailed nature of the service "Sports and recreational sports event promotion and organization services".
Where can I verify the latest GST rate for SAC Code 999651?
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.