SAC CODE - 997147 : Other property reinsurance services

Services Accounting Codes (SAC Codes) 997147 is used for the Other property reinsurance 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.

How Services Accounting Codes (SAC Codes) 997147 - 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 71 represent the major nature of service, Financial and related services in this case.

The next two digits 47 represent the detailed nature of service, Other property reinsurance services in this case.