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SAC CODE - 998122 : Research and experimental development services in humanities
GST RATE ON SAC CODE - 998122 IS 18%
Services Accounting Codes (SAC Codes) 998122 is used for the Research and experimental development services in humanities 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) 998122 - 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 22 represent the detailed nature of service, Research and experimental development services in humanities in this case.
Explanation Of SAC CODE - 998122
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 ancient and modern languages and literature, social and cultural anthropology, demography, geography (human, economic and social), linguistics, history, philosophy, arts, religion, theology, etc.