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SAC CODE - 995425 : General construction services of mines and industrial plants
GST RATE ON SAC CODE - 995425 IS 18%
| SAC CODE | Description |
|---|---|
| 9954 | Construction services |
| 99542 | General construction services of civil engineering works |
| 995425 | General construction services of mines and industrial plants |
Services Accounting Codes (SAC Codes) 995425 is used for the General construction services of mines and industrial plants 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) 995425 - 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 25 represent the detailed nature of service, General construction services of mines and industrial plants in this case.
Explanation Of SAC CODE - 995425
This service code includes construction services
This service code does not include: construction services of industrial buildings :- 995413
- for mining and related facilities, other than buildings, such as mine loading and discharging stations, winding-shafts and towers, tunnels and drifts associated with mining operations
- for manufacturing facilities of basic chemicals, compounds, pharmaceuticals and other chemicals
- for manufacturing facilities such as blast furnaces and coke ovens, iron foundries and specialized facilities for manufacturing, not elsewhere classified