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SAC CODE - 998215 : Arbitration and conciliation services
GST RATE ON SAC CODE - 998215 IS 18%
| SAC CODE | Description |
|---|---|
| 9982 | Legal and accounting services |
| 99821 | Legal services |
| 998215 | Arbitration and conciliation services |
Services Accounting Codes (SAC Codes) 998215 is used for the Arbitration and conciliation services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Legal and accounting services.
How Services Accounting Codes (SAC Codes) 998215 - 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 82 represent the major nature of service, Legal and accounting services in this case.
The next two digits 15 represent the detailed nature of service, Arbitration and conciliation services in this case.
Explanation Of SAC CODE - 998215
This service code includes arbitration or mediation services aimed at the settlement of disputes between labour and management, between businesses or between individuals
This service code does not include:
- representation services on behalf of one of the parties in the dispute :- 998212