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SAC CODE - 997157 : Foreign exchange services
GST RATE ON SAC CODE - 997157 IS 18%
| SAC CODE | Description |
|---|---|
| 9971 | Financial and related services |
| 99715 | Services auxiliary to financial services (other than to insurance and pensions) |
| 997157 | Foreign exchange services |
Services Accounting Codes (SAC Codes) 997157 is used for the Foreign 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) 997157 - 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 57 represent the detailed nature of service, Foreign exchange services in this case.
Explanation Of SAC CODE - 997157
This service code includes foreign currency exchange services provided by bureau de change, etc.