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SAC CODE - 997214 : Trade services of time-share properties
GST RATE ON SAC CODE - 997214 IS 18%
| SAC CODE | Description |
|---|---|
| 9972 | Real estate services |
| 99721 | Real estate services involving owned or leased property |
| 997214 | Trade services of time-share properties |
Services Accounting Codes (SAC Codes) 997214 is used for the Trade services of time-share properties 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) 997214 - 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 14 represent the detailed nature of service, Trade services of time-share properties in this case.
Explanation Of SAC CODE - 997214
This service code includes sale on own account of time-share properties