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SAC CODE - 998366 : Sale of other advertising space or time (except on commission)
GST RATE ON SAC CODE - 998366 IS 18%
Services Accounting Codes (SAC Codes) 998366 is used for the Sale of other advertising space or time (except 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) 998366 - 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 66 represent the detailed nature of service, Sale of other advertising space or time (except on commission) in this case.
Explanation Of SAC CODE - 998366
- sale of advertising space on billboards, buildings, vehicles, etc.
- sale of advertising space in electronic media other than on-line
- sale of advertising space in video and motion pictures (product placement)
- sale of naming rights for tournaments, stadiums, etc.