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SAC CODE - 998113 : Research and experimental development services in medical sciences and pharmacy.
GST RATE ON SAC CODE - 998113 IS 18%
Services Accounting Codes (SAC Codes) 998113 is used for the Research and experimental development services in medical sciences and pharmacy. 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) 998113 - 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 13 represent the detailed nature of service, Research and experimental development services in medical sciences and pharmacy. in this case.