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SAC CODE - 996415 : Local water transport services of passengers by ferries, cruises etc
GST RATE ON SAC CODE - 996415 IS 18%
Services Accounting Codes (SAC Codes) 996415 is used for the Local water transport services of passengers by ferries, cruises etc under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Passenger transport services.
How Services Accounting Codes (SAC Codes) 996415 - 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 64 represent the major nature of service, Passenger transport services in this case.
The next two digits 15 represent the detailed nature of service, Local water transport services of passengers by ferries, cruises etc in this case.
Explanation Of SAC CODE - 996415
- passenger transportation services on rivers, on canals and on other inland waters by ferries, including hydrofoils and hovercraft, whether on a scheduled or non-scheduled basis;
- inland water cruises that include transportation, accommodation, food services and other incidental services in an all-inclusive fare;
- passenger transportation services on rivers, canals and other inland waters on a scheduled or non- schedules basis by vessels other than ferries, cruise ships, sightseeing and excursion boats;
- transportation services of accompanying vehicles, luggage, animals and other items;
- water taxis.
FAQs on SAC Code 996415
What is SAC Code 996415?
SAC Code 996415 refers to "Local water transport services of passengers by ferries, cruises etc" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Passenger transport services".
What is the GST rate applicable on SAC Code 996415?
The GST rate for SAC Code 996415 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996415?
This service code includes passenger transportation services on rivers, on canals and on other inland waters by ferries, including hydrofoils and hovercraft, whether on a scheduled or non-scheduled basis; inland water cruises that…
Is SAC Code 996415 the same as HSN Code 996415?
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 996415 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Passenger transport services", and the last two digits specify the detailed nature of the service "Local water transport services of passengers by ferries, cruises etc".
Where can I verify the latest GST rate for SAC Code 996415?
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.