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SAC CODE - 998114 : Research and experimental development services in agricultural sciences.
GST RATE ON SAC CODE - 998114 IS 18%
Services Accounting Codes (SAC Codes) 998114 is used for the Research and experimental development services in agricultural 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) 998114 - 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 14 represent the detailed nature of service, Research and experimental development services in agricultural sciences. in this case.
Explanation Of SAC CODE - 998114
This service code includes basic and applied research services and experimental development services related to agricultural techniques, fruit culture, forestry, stock breeding, fisheries, etc.