Browse SAC Code
Explore SAC Code of thousands of services.
SAC CODE - 997161 : Insurance brokerage and agency services
GST RATE ON SAC CODE - 997161 IS 18%
| SAC CODE | Description |
|---|---|
| 9971 | Financial and related services |
| 99716 | Services auxillary to insurance and pensions |
| 997161 | Insurance brokerage and agency services |
Services Accounting Codes (SAC Codes) 997161 is used for the Insurance brokerage and agency 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) 997161 - 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 61 represent the detailed nature of service, Insurance brokerage and agency services in this case.
Explanation Of SAC CODE - 997161
This service code includes services of selling insurance and pension products