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SAC CODE - 998362 : Purchase or sale of advertising space or time, on commission

GST RATE ON SAC CODE - 998362 IS 18%


Services Accounting Codes (SAC Codes) 998362 is used for the Purchase or sale of advertising space or time, on commission 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) 998362 - 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 62 represent the detailed nature of service, Purchase or sale of advertising space or time, on commission in this case.

Explanation Of SAC CODE - 998362

This service code includes sale or leasing of advertising time or space, on commission; services of media buying agencies, which buy media space or time on behalf of advertisers or advertising agencies