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SAC CODE - 997327 : Leasing or rental services concerning do-it-yourself machinery and equipment
GST RATE ON SAC CODE - 997327 IS 18%
Services Accounting Codes (SAC Codes) 997327 is used for the Leasing or rental services concerning do-it-yourself machinery and equipment 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) 997327 - 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 27 represent the detailed nature of service, Leasing or rental services concerning do-it-yourself machinery and equipment in this case.
Explanation Of SAC CODE - 997327
- rental, leasing or hiring services concerning machinery and equipment for home and garden use, including lawnmowers
- rental, leasing or hiring services concerning machinery and equipment used by amateurs or as a hobby, e.g., tools for home repairs