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SAC CODE - 995423 : General construction services of long-distance underground/overland/submarine pipelines, communication and electric power lines (cables); pumping stations and related works; transformer stations and related works.
GST RATE ON SAC CODE - 995423 IS 18%
Services Accounting Codes (SAC Codes) 995423 is used for the General construction services of long-distance underground/overland/submarine pipelines, communication and electric power lines (cables); pumping stations and related works; transformer stations and related works. 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) 995423 - 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 23 represent the detailed nature of service, General construction services of long-distance underground/overland/submarine pipelines, communication and electric power lines (cables); pumping stations and related works; transformer stations and related works. in this case.
Explanation Of SAC CODE - 995423
- long-distance overland, underground and submarine pipelines for the conveyance of petroleum products, gas, water or other products;
- pumping stations and similar related structures;
- long-distance overland, underground or submarine telecommunication cables &transmission lines;
- long-distance high tension electric power transmission lines (cables);
- long-distance electricity power lines for railways;
- transformer stations, pylons etc