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SAC CODE - 996603 : Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator
GST RATE ON SAC CODE - 996603 IS 18%
Services Accounting Codes (SAC Codes) 996603 is used for the Rental services of aircraft including passenger aircrafts, freight aircrafts 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) 996603 - 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 03 represent the detailed nature of service, Rental services of aircraft including passenger aircrafts, freight aircrafts etc with or without operator in this case.