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SAC CODE - 997155 : Services related to the administration of financial markets
GST RATE ON SAC CODE - 997155 IS 18%
Services Accounting Codes (SAC Codes) 997155 is used for the Services related to the administration of financial markets 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) 997155 - 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 55 represent the detailed nature of service, Services related to the administration of financial markets in this case.
Explanation Of SAC CODE - 997155
This service code includes:
- administrative services of furnishing space and other facilities necessary for the operation of security and commodity exchanges
- services of regulating and monitoring financial markets and participants in those markets
- other financial market administration services n.e.c.
This service code does not include:
- security custody services :- 997154
- stock price quotation services made available through an information server :- 998439
- supply of financial news to the news media (Group 99844)