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SAC CODE - 998221 : Financial auditing services
GST RATE ON SAC CODE - 998221 IS 18%
| SAC CODE | Description |
|---|---|
| 9982 | Legal and accounting services |
| 99822 | Accounting, auditing and bookkeeping services |
| 998221 | Financial auditing services |
Services Accounting Codes (SAC Codes) 998221 is used for the Financial auditing 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) 998221 - 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 21 represent the detailed nature of service, Financial auditing services in this case.
Explanation Of SAC CODE - 998221
This service code includes examination services for the accounting records and other supporting evidence of an organization for the purpose of expressing an opinion as to whether the financial statements of the organization present its position fairly and accurately as at a given date and the results of its operations for the period ending on that date, in accordance with generally accepted accounting principles.
This service code does not include:
- accounting review services :- 998222
- management audits :- 998311