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SAC CODE - 995422 : General construction services of harbours, waterways, dams, water mains and lines, irrigation and other waterworks
GST RATE ON SAC CODE - 995422 IS 18%
Services Accounting Codes (SAC Codes) 995422 is used for the General construction services of harbours, waterways, dams, water mains and lines, irrigation and other waterworks 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) 995422 - 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 22 represent the detailed nature of service, General construction services of harbours, waterways, dams, water mains and lines, irrigation and other waterworks in this case.
Explanation Of SAC CODE - 995422
- aqueducts, water conduits and similar waterways designed to convey water for the purpose of water supply, except pipelines;
- harbour bottoms and harbour channels, breakwaters, quays, piers, jetties, docks, wharves and similar structures;
- riverworks and canal construction for water transport traffic;
- locks, floodgates, sluices, lifts, dry docks, slipways, barrages and other hydromechanical structures;
- dredging services, rock and silt removal and other water-associated construction services;
- underwater work (by divers, frogmen or other techniques) and various hydraulic engineering services; construction services for construction of dams and similar water-retaining structures;
- embankments for coastal and other waterside areas;
- irrigation and flood control waterworks.