Browse SAC Code
Explore SAC Code of thousands of services.
SAC CODE - 997335 : Licensing services for the right to use R&D products
GST RATE ON SAC CODE - 997335 IS 18%
Services Accounting Codes (SAC Codes) 997335 is used for the Licensing services for the right to use R&D products 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) 997335 - 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 35 represent the detailed nature of service, Licensing services for the right to use R&D products in this case.
Explanation Of SAC CODE - 997335
This service code includes licensing services for the right to use the outcome of research and development activities, i.e. inventions, such as constitutions of matter, processes, mechanisms, electrical and electronic circuits and devices, pharmaceutical formulations and new varieties of living things produced by artifice