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SAC CODE - 998111 : Research and experimental development services in natural sciences
GST RATE ON SAC CODE - 998111 IS 18%
Services Accounting Codes (SAC Codes) 998111 is used for the Research and experimental development services in natural sciences under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Research and development services.
How Services Accounting Codes (SAC Codes) 998111 - 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 81 represent the major nature of service, Research and development services in this case.
The next two digits 11 represent the detailed nature of service, Research and experimental development services in natural sciences in this case.
Explanation Of SAC CODE - 998111
- to producing new materials, products, and devices; to installing new processes, systems and services; or
- to improving substantially those already produced or installed in physical sciences related to heat, light, electromagnetism, astronomy, etc;
- in chemistry and biology related to catalyses, fermentation, physiology and biology of animals and plants, micro-organisms, etc;
- in biotechnology related to knowledge requiring one or more of the techniques: DNA/RNA like genomics, pharmacogenomics, gene probes, genetic engineering, DNA/RNA sequencing/synthesis/amplification, gene expression profiling, and the use of antisense technology; proteins and other molecules like sequencing/synthesis/engineering of proteins and peptides (including large molecule hormones); proteomics, protein isolation and purification, signaling, identification of cell receptors;
- cell and tissue culture and engineering like cell/tissue culture, tissue engineering (including disuse scaffolds and biomedical engineering), cellular fusion, vaccine/immune stimulants, embryo manipulation process biotechnology techniques like bioreactor fermentation, bioprocessing, bioleaching, biopulping, biosulphurization, bioremediation, biofiltration, and phytoremediation;
- gene and RNA vectors likegene therapy, viral vectors;
- bioinformatics; nanobiotechnology