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SAC CODE - 996424 : Coastal and transoceanic (overseas) water transport services of passengers by Ferries, Cruise Ships etc
GST RATE ON SAC CODE - 996424 IS 18%
Services Accounting Codes (SAC Codes) 996424 is used for the Coastal and transoceanic (overseas) water transport services of passengers by Ferries, Cruise Ships 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) 996424 - 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 24 represent the detailed nature of service, Coastal and transoceanic (overseas) water transport services of passengers by Ferries, Cruise Ships etc in this case.
Explanation Of SAC CODE - 996424
- coastal and transoceanic passenger transportation by ferries, including hydrofoils and hovercraft, on a scheduled or non-scheduled basis;
- transport of accompanying luggage, animals and other items that may be carried;
- services provided by sea cruises that include transportation, accommodation, food services, recreational and other entertainment services in an all-inclusive fare; coastal and transoceanic water transportation of passengers on scheduled or non-scheduled basis, by other water transport vehicles, regardless of the class of service;
- transportation of passengers from port to port, including on freight ships;