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SAC CODE - 998240 : Insolvency and receivership services
GST RATE ON SAC CODE - 998240 IS 18%
| SAC CODE | Description |
|---|---|
| 9982 | Legal and accounting services |
| 99824 | Insolvency and receivership services |
| 998240 | Insolvency and receivership services |
Services Accounting Codes (SAC Codes) 998240 is used for the Insolvency and receivership 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) 998240 - 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 40 represent the detailed nature of service, Insolvency and receivership services in this case.