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SAC CODE - 997212 : Rental or leasing services involving own or leased non-residential property
GST RATE ON SAC CODE - 997212 IS 18%
| SAC CODE | Description |
|---|---|
| 9972 | Real estate services |
| 99721 | Real estate services involving owned or leased property |
| 997212 | Rental or leasing services involving own or leased non-residential property |
Services Accounting Codes (SAC Codes) 997212 is used for the Rental or leasing services involving own or leased non-residential property under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Real estate services.
How Services Accounting Codes (SAC Codes) 997212 - 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 72 represent the major nature of service, Real estate services in this case.
The next two digits 12 represent the detailed nature of service, Rental or leasing services involving own or leased non-residential property in this case.
Explanation Of SAC CODE - 997212
This service code includes:
- rental or leasing services concerning industrial, commercial or other non-residential buildings or property by owners or leaseholders, such as factories, office buildings, warehouses, theatres, convention centres, exhibition halls and multiple-use buildings that are primarily non- residential; agricultural, forestry and similar properties.
- rental or leasing of caravan sites, lock-up garages or other places for parking vehicles, by the month or year