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SAC CODE - 996602 : Rental services of water vessels including passenger vessels, freight vessels etc with or without operator

GST RATE ON SAC CODE - 996602 IS 18%


SAC CODE Description
9966Rental services of transport vehicles with or without operators
99660Rental services of transport vehicles with or without operators
996602Rental services of water vessels including passenger vessels, freight vessels etc with or without operator

Services Accounting Codes (SAC Codes) 996602 is used for the Rental services of water vessels including passenger vessels, freight vessels etc with or without operator under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Rental services of transport vehicles with or without operators.

How Services Accounting Codes (SAC Codes) 996602 - 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 66 represent the major nature of service, Rental services of transport vehicles with or without operators in this case.

The next two digits 02 represent the detailed nature of service, Rental services of water vessels including passenger vessels, freight vessels etc with or without operator in this case.

Explanation Of SAC CODE - 996602

This service code includesrental services of all types of self-propelled passenger/freight vessels including tankers, bulk dry cargo vessels, cargo and freight vessels, tugboats and fishing vessels for coastal, inland and transoceanic water transport with/without crew