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SAC CODE - 997223 : Land sales on a fee/commission basis or contract basis
GST RATE ON SAC CODE - 997223 IS 18%
| SAC CODE | Description |
|---|---|
| 9972 | Real estate services |
| 99722 | Real estate services on a fee/commission basis or contract basis |
| 997223 | Land sales on a fee/commission basis or contract basis |
Services Accounting Codes (SAC Codes) 997223 is used for the Land 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) 997223 - 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 23 represent the detailed nature of service, Land sales on a fee/commission basis or contract basis in this case.
Explanation Of SAC CODE - 997223
This service code includes:
- real estate agency and brokerage house services related to the sale of vacant land, and similar intermediation services involving buying, selling and renting, non-residential or residential, on a fee or contract basis