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SAC CODE - 997311 : Leasing or rental services concerning transport equipments including containers, with or without operator

GST RATE ON SAC CODE - 997311 IS 18%


SAC CODE Description
9973Leasing or rental services with or without operator
99731Leasing or rental services concerning machinery and equipment with or without operator
997311Leasing or rental services concerning transport equipments including containers, with or without operator

Services Accounting Codes (SAC Codes) 997311 is used for the Leasing or rental services concerning transport equipments including containers, with or without operator under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Leasing or rental services with or without operator.

How Services Accounting Codes (SAC Codes) 997311 - 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 73 represent the major nature of service, Leasing or rental services with or without operator in this case.

The next two digits 11 represent the detailed nature of service, Leasing or rental services concerning transport equipments including containers, with or without operator in this case.

Explanation Of SAC CODE - 997311

This service code includes:
  1. leasing and rental services of intermodal containers
  2. leasing, rental or hiring services concerning other land transport equipment with or without operator
This service code does not include:
  1. financial leasing of container :- 997114
  2. leasing and rental of accommodation and office containers :- 997319