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SAC CODE - 997222 : Building sales on a fee/commission basis or contract basis
GST RATE ON SAC CODE - 997222 IS 18%
| SAC CODE | Description |
|---|---|
| 9972 | Real estate services |
| 99722 | Real estate services on a fee/commission basis or contract basis |
| 997222 | Building sales on a fee/commission basis or contract basis |
Services Accounting Codes (SAC Codes) 997222 is used for the Building sales on a fee/commission basis or contract basis 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) 997222 - 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 22 represent the detailed nature of service, Building sales on a fee/commission basis or contract basis in this case.
Explanation Of SAC CODE - 997222
This service code includes:
- real estate agency and brokerage services related to buildingds, and similar intermediation services involving buying, selling and renting of buildings and associated land, on a fee or contract basis
This service code does not include:
- sale of land on a fee or contract basis :- 997223