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SAC CODE - 99990 : Services provided by extraterritorial organizations and bodies.
Services Accounting Codes (SAC Codes) 99990 is used for the Services provided by extraterritorial organizations and bodies. under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Services provided by extraterritorial organizations and bodies..
Explanation Of SAC CODE - 99990
- services provided by embassies and representations from other countries
- services provided by international organizations such as the United Nations and its specialized agencies or regional bodies, etc., the Organization of American States, the European Union, the African Union, the League of Arab States, the Organisation for Economic Co-operation and Development, the World Customs Organization, the Organization of Petroleum Exporting Countries and other international bodies or extraterritorial units
FAQs on SAC Code 99990
What is SAC Code 99990?
SAC Code 99990 refers to "Services provided by extraterritorial organizations and bodies." under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Services provided by extraterritorial organizations and bodies.".
What is the GST rate applicable on SAC Code 99990?
The GST rate for SAC Code 99990 is NIL. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99990?
This service code includes:services provided by embassies and representations from other countriesservices provided by international organizations such as the United Nations and its specialized agencies or regional bodies, etc., the Organiz…
Is SAC Code 99990 the same as HSN Code 99990?
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 99990 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Services provided by extraterritorial organizations and bodies.", and the last two digits specify the detailed nature of the service "Services provided by extraterritorial organizations and bodies.".
Where can I verify the latest GST rate for SAC Code 99990?
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.