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SAC CODE - 998631 : Support services to electricity transmission and distribution
GST RATE ON SAC CODE - 998631 IS 18%
Services Accounting Codes (SAC Codes) 998631 is used for the Support services to electricity transmission and distribution 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) 998631 - 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 31 represent the detailed nature of service, Support services to electricity transmission and distribution in this case.