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SAC CODE - 997336 : Licensing services for the right to use trademarks and franchises
GST RATE ON SAC CODE - 997336 IS 18%
Services Accounting Codes (SAC Codes) 997336 is used for the Licensing services for the right to use trademarks and franchises 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) 997336 - 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 36 represent the detailed nature of service, Licensing services for the right to use trademarks and franchises in this case.