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SAC CODE - 998121 : Research and experimental development services in social sciences.

GST RATE ON SAC CODE - 998121 IS 18%


SAC CODE Description
9981Research and development services
99812Research and experimental development services in social sciences and humanities.
998121Research and experimental development services in social sciences.

Services Accounting Codes (SAC Codes) 998121 is used for the Research and experimental development services in social 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) 998121 - 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 21 represent the detailed nature of service, Research and experimental development services in social sciences. in this case.

Explanation Of SAC CODE - 998121

This service code includes basic and applied research services and experimental development services in social sciences and humanities, experimental or theoretical work undertaken primarily to acquire new knowledge of the underlying foundations of phenomena and observable facts, without any particular application of use in view and experimental development services involving systematic work, drawing on knowledge gained from research and practical experience, that is directed to producing new materials, products, and devices; to installing new processes, systems and services; or to improving substantially those already produced or installed in areas like psychology, theories of economies, business management, finance, public law, civil law, political sciences, other social sciences etc.

This service code does not include:
  1. market research services :- 998370