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SAC CODE - 997151 : Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services
GST RATE ON SAC CODE - 997151 IS 18%
Services Accounting Codes (SAC Codes) 997151 is used for the Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital 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) 997151 - 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 51 represent the detailed nature of service, Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services in this case.
Explanation Of SAC CODE - 997151
- services of counsellors and negotiators in arranging mergers and acquisitions
- services of arranging corporate financing, including debt financing, equity financing, venture capital financing
- other services related to investment banking n.e.c.
- portfolio management services :- 997153
- trust and custody services :- 997154
- stock price quotation services made available through an information server :- 998439
- supply of financial news to the news media :- 99844