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SAC CODE - 998335 : Engineering services for power projects
GST RATE ON SAC CODE - 998335 IS 18%
SAC CODE | Description |
---|---|
9983 | Other professional, technical and business services |
99833 | Engineering services |
998335 | Engineering services for power projects |
Services Accounting Codes (SAC Codes) 998335 is used for the Engineering services for power projects under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other professional, technical and business services.
How Services Accounting Codes (SAC Codes) 998335 - 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 83 represent the major nature of service, Other professional, technical and business services in this case.
The next two digits 35 represent the detailed nature of service, Engineering services for power projects in this case.
Explanation Of SAC CODE - 998335
This service code includes the application of physical laws and principles of engineering in the design, development and utilization of machines, materials, instruments, structures, processes and systems for electricity generation, transmission and distribution projects like engineering services related to facilities that generate electrical power from coal and other fossil-fuel energy such as oil and gas, nuclear energy, the energy in falling water, other energy, such as solar power, wind power, geothermal power including cogeneration facilities, engineering services related to overhead or underground electrical power transmission and distribution lines