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SAC CODE - 998718 : Maintenance and repair services of elevators and escalators
GST RATE ON SAC CODE - 998718 IS 18%
Services Accounting Codes (SAC Codes) 998718 is used for the Maintenance and repair services of elevators and escalators under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Maintenance, repair and installation (except construction) services.
How Services Accounting Codes (SAC Codes) 998718 - 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 87 represent the major nature of service, Maintenance, repair and installation (except construction) services in this case.
The next two digits 18 represent the detailed nature of service, Maintenance and repair services of elevators and escalators in this case.