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SAC CODE - 998371 : Market research services

GST RATE ON SAC CODE - 998371 IS 18%


Services Accounting Codes (SAC Codes) 998371 is used for the Market research services 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) 998371 - 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 71 represent the detailed nature of service, Market research services in this case.

Explanation Of SAC CODE - 998371

This service code includes market analysis, analysis of competition and the behaviour of consumers; use of research monographs, statistics, econometric models, surveys, etc.