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SAC CODE - 997338 : Licensing services for right to use other natural resources including telecommunication spectrum
GST RATE ON SAC CODE - 997338 IS 18%
Services Accounting Codes (SAC Codes) 997338 is used for the Licensing services for right to use other natural resources including telecommunication spectrum 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) 997338 - 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 38 represent the detailed nature of service, Licensing services for right to use other natural resources including telecommunication spectrum in this case.