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SAC CODE - 998622 : Support services to other mining n.e.c.

GST RATE ON SAC CODE - 998622 IS 18%


SAC CODE Description
9986Support services to agriculture, hunting, forestry, fishing, mining and utilities.
99862Support services to mining
998622Support services to other mining n.e.c.

Services Accounting Codes (SAC Codes) 998622 is used for the Support services to other mining n.e.c. under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Support services to agriculture, hunting, forestry, fishing, mining and utilities..

How Services Accounting Codes (SAC Codes) 998622 - 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 86 represent the major nature of service, Support services to agriculture, hunting, forestry, fishing, mining and utilities. in this case.

The next two digits 22 represent the detailed nature of service, Support services to other mining n.e.c. in this case.

Explanation Of SAC CODE - 998622

This service code includes draining and pumping of mines; overburden removal and other development and preparation services of mineral properties and sites, including tunneling, except for oil and gas extraction; test drilling services in connection with mining operations, except for oil and gas extraction; operation of other mining units on a fee or contract basis

This service code does not include:
  1. mineral exploration and evaluation services :- 998343
  2. geophysical services :- 998341