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SAC CODE - 998141 : Research and development originals in pharmaceuticals
GST RATE ON SAC CODE - 998141 IS 18%
| SAC CODE | Description |
|---|---|
| 9981 | Research and development services |
| 99814 | Research and development originals |
| 998141 | Research and development originals in pharmaceuticals |
Services Accounting Codes (SAC Codes) 998141 is used for the Research and development originals in pharmaceuticals 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) 998141 - 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 41 represent the detailed nature of service, Research and development originals in pharmaceuticals in this case.
Explanation Of SAC CODE - 998141
This service code includes scientific originals, i.e. ideas, plans, blueprints, formulas for inventions, products and processes, which can be protected and licensed as industrial property, trade secrets, patents, etc. related to pharmaceuticals