Explore SAC Code of thousands of services.
SAC CODE - 997172 : Services of holding securities and other assets of trusts and funds and similar financial entities
GST RATE ON SAC CODE - 997172 IS 18%
Services Accounting Codes (SAC Codes) 997172 is used for the Services of holding securities and other assets of trusts and funds and similar financial entities 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) 997172 - 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 72 represent the detailed nature of service, Services of holding securities and other assets of trusts and funds and similar financial entities in this case.
Explanation Of SAC CODE - 997172
- services provided by legal entities that are organized to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries