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SAC CODE - 998396 : Trademarks and franchises
GST RATE ON SAC CODE - 998396 IS 18%
| SAC CODE | Description |
|---|---|
| 9983 | Other professional, technical and business services |
| 99839 | Other professional, technical and business services. |
| 998396 | Trademarks and franchises |
Services Accounting Codes (SAC Codes) 998396 is used for the Trademarks and franchises 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) 998396 - 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 96 represent the detailed nature of service, Trademarks and franchises in this case.
Explanation Of SAC CODE - 998396
This service code includes original trademarks and franchises, i.e. the legally registered ownership of a certain brand name. Note: These products are produced on own account with the intent of deriving benefits from allowing others to use these trademarks or franchises.
This service code does not include:
- licensing services for the right to use trademarks and franchises :- 997336
- research and development work leading to a product or concept that is being trademarked :- 9981
- advisory services for the organization of marketing channels (including franchises) :- 998311
- management services for rights to trademarks and franchises :- 998599