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SAC CODE - 997152 : Brokerage and related securities and commodities services including commodity exchange services
GST RATE ON SAC CODE - 997152 IS 18%
Services Accounting Codes (SAC Codes) 997152 is used for the Brokerage and related securities and commodities services including commodity exchange 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) 997152 - 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 52 represent the detailed nature of service, Brokerage and related securities and commodities services including commodity exchange services in this case.
Explanation Of SAC CODE - 997152
- brokerage services (that is bringing together purchasers and sellers of the same instrument) for securities
- services of acting as a selling agent of units, shares or other interests in a mutual (investment) fund
- sales, delivery and redemption services of government bonds
- brokerage of options
- brokerage services for commodities and commodity futures, including financial futures
- brokerage services for financial derivatives
- computer-based clearing and settlement for interchange of debits, credits and transfer of ownership of securities