Browse SAC Code

Explore SAC Code of thousands of services.

SAC CODE - 99712 : Investment banking services


SAC CODE Description
9971Financial and related services
99712Investment banking services
997120Investment banking services

Services Accounting Codes (SAC Codes) 99712 is used for the Investment banking services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Financial and related services.

Explanation Of SAC CODE - 99712

This service code includes: 
  1. securities underwriting services 
  2. guaranteeing the sale of an issue of securities at a stated price from the issuing corporation or government and reselling it to investors 
  3. engaging to sell as much of an issue of securities as possible without making a guarantee to purchase the entire offering from the issuer