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SAC CODE - 998632 : Support services to gas distribution
GST RATE ON SAC CODE - 998632 IS 18%
Services Accounting Codes (SAC Codes) 998632 is used for the Support services to gas 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) 998632 - 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 32 represent the detailed nature of service, Support services to gas distribution in this case.