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SAC CODE - 997149 : Other non-life reinsurance services
GST RATE ON SAC CODE - 997149 IS 18%
| SAC CODE | Description |
|---|---|
| 9971 | Financial and related services |
| 99714 | Reinsurance services |
| 997149 | Other non-life reinsurance services |
Services Accounting Codes (SAC Codes) 997149 is used for the Other non-life 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) 997149 - 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 49 represent the detailed nature of service, Other non-life reinsurance services in this case.
Explanation Of SAC CODE - 997149
This service code includes:
- liability reinsurance services
- reinsurance services for surety bonds
- non-life reinsurance services, not elsewhere specified