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SAC CODE - 996764 : Supporting services for space transport
GST RATE ON SAC CODE - 996764 IS 18%
| SAC CODE | Description |
|---|---|
| 9967 | Supporting services in transport |
| 99676 | Supporting services for air or space transport |
| 996764 | Supporting services for space transport |
Services Accounting Codes (SAC Codes) 996764 is used for the Supporting services for space transport under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Supporting services in transport.
How Services Accounting Codes (SAC Codes) 996764 - 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 67 represent the major nature of service, Supporting services in transport in this case.
The next two digits 64 represent the detailed nature of service, Supporting services for space transport in this case.
Explanation Of SAC CODE - 996764
FAQs on SAC Code 996764
What is SAC Code 996764?
SAC Code 996764 refers to "Supporting services for space transport" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Supporting services in transport".
What is the GST rate applicable on SAC Code 996764?
The GST rate for SAC Code 996764 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 996764?
This service code includes specialized support services for space transportation
Is SAC Code 996764 the same as HSN Code 996764?
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 996764 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Supporting services in transport", and the last two digits specify the detailed nature of the service "Supporting services for space transport".
Where can I verify the latest GST rate for SAC Code 996764?
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.