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SAC CODE - 997169 : Other services auxiliary to insurance and pensions

GST RATE ON SAC CODE - 997169 IS 18%


Services Accounting Codes (SAC Codes) 997169 is used for the Other services auxiliary to insurance and pensions 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) 997169 - 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 69 represent the detailed nature of service, Other services auxiliary to insurance and pensions in this case.

Explanation Of SAC CODE - 997169

This service code includes:
  1. administration of insurance and pension funds
  2. salvage administration services
  3. insurance and pension consultancy services