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SAC CODE - 997332 : Licensing services for the right to broadcast and show original films, sound recordings, radio and television programme etc.
GST RATE ON SAC CODE - 997332 IS 18%
Services Accounting Codes (SAC Codes) 997332 is used for the Licensing services for the right to broadcast and show original films, sound recordings, radio and television programme etc. 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) 997332 - 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 32 represent the detailed nature of service, Licensing services for the right to broadcast and show original films, sound recordings, radio and television programme etc. in this case.
Explanation Of SAC CODE - 997332
- licensing services for the right to reproduce, distribute or incorporate entertainment, musical such as broadcasting and showing of original films, sound recordings, radio and television programmes, prerecorded tapes and videos