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SAC CODE - 999792 : Agreeing to do an act
GST RATE ON SAC CODE - 999792 IS 18%
| SAC CODE | Description |
|---|---|
| 9997 | Other services |
| 99979 | Other miscellaneous services |
| 999792 | Agreeing to do an act |
Services Accounting Codes (SAC Codes) 999792 is used for the Agreeing to do an act under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other services.
How Services Accounting Codes (SAC Codes) 999792 - 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 97 represent the major nature of service, Other services in this case.
The next two digits 92 represent the detailed nature of service, Agreeing to do an act in this case.
Explanation Of SAC CODE - 999792
FAQs on SAC Code 999792
What is SAC Code 999792?
SAC Code 999792 refers to "Agreeing to do an act" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Other services".
What is the GST rate applicable on SAC Code 999792?
The GST rate for SAC Code 999792 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999792?
SAC Code 999792 generally covers services related to "Agreeing to do an act" under the category "Other services" as defined in GST service classification.
Is SAC Code 999792 the same as HSN Code 999792?
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 999792 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Other services", and the last two digits specify the detailed nature of the service "Agreeing to do an act".
Where can I verify the latest GST rate for SAC Code 999792?
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.