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SAC CODE - 995412 : Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc
GST RATE ON SAC CODE - 995412 IS 18%
| SAC CODE | Description |
|---|---|
| 9954 | Construction services |
| 99541 | Construction services of buildings |
| 995412 | Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc |
Services Accounting Codes (SAC Codes) 995412 is used for the Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Construction services.
How Services Accounting Codes (SAC Codes) 995412 - 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 54 represent the major nature of service, Construction services in this case.
The next two digits 12 represent the detailed nature of service, Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc in this case.
Explanation Of SAC CODE - 995412
- Construction services of residential buildings for communities, including residences for the elderly, students, children and other social groups such as retirement homes, hostels, fraternity homes, orphanages, homeless shelters etc.