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SAC CODE - 997331 : Licensing services for the right to use computer software and databases.
GST RATE ON SAC CODE - 997331 IS 18%
Services Accounting Codes (SAC Codes) 997331 is used for the Licensing services for the right to use computer software and databases. 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) 997331 - 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 31 represent the detailed nature of service, Licensing services for the right to use computer software and databases. in this case.
Explanation Of SAC CODE - 997331
- licensing services for the right to reproduce, distribute or incorporate computer programs, program descriptions and supporting materials for both systems and applications software. This applies to various levels of licensing rights such as rights to reproduce and distribute the software, rights to use software components for the creation of and inclusion in other software products
- licensing services for the right to reproduce, distribute or incorporate databases (i.e. compilations of facts/information) in other databases or applications. This applies to various levels of licensing rights such as rights to reproduce and distribute the database, rights to use database components for the creation of and inclusion in other databases and applications
- packaged (non-customized) software/database,
- limited end-user licence as part of packaged software,
- licensing services for the right to use database software :- 997331