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SAC CODE - 997319 : Leasing or rental services concerning other machinery and equipments with or without operator
GST RATE ON SAC CODE - 997319 IS 18%
Services Accounting Codes (SAC Codes) 997319 is used for the Leasing or rental services concerning other machinery and equipments 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) 997319 - 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 19 represent the detailed nature of service, Leasing or rental services concerning other machinery and equipments with or without operator in this case.
Explanation Of SAC CODE - 997319
- leasing, renting or hiring services concerning all kinds of machinery, whether or not electrical, except personal or household goods, generally used as capital goods by industry, such as engines and turbines, machine tools, mining and oil field equipment, lifting and handling equipment, coin/card operated gambling machines, exhibition material, professional, scientific measuring and control apparatus, accommodation and office containers, other commercial and industrial machinery etc.