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SAC CODE - 998726 : Maintenance and repair services of musical instruments
GST RATE ON SAC CODE - 998726 IS 18%
| SAC CODE | Description |
|---|---|
| 9987 | Maintenance, repair and installation (except construction) services |
| 99872 | Repair services of other goods |
| 998726 | Maintenance and repair services of musical instruments |
Services Accounting Codes (SAC Codes) 998726 is used for the Maintenance and repair services of musical instruments 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) 998726 - 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 26 represent the detailed nature of service, Maintenance and repair services of musical instruments in this case.
Explanation Of SAC CODE - 998726
FAQs on SAC Code 998726
What is SAC Code 998726?
SAC Code 998726 refers to "Maintenance and repair services of musical instruments" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Maintenance, repair and installation (except construction) services".
What is the GST rate applicable on SAC Code 998726?
The GST rate for SAC Code 998726 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 998726?
This service code includes maintenance and repair services of musical instruments, piano-tuning services and tuning services for other musical instruments, restoring of organs and other historical musical instruments
Is SAC Code 998726 the same as HSN Code 998726?
No. SAC codes are used for services, whereas HSN codes are used for goods. Since services fall under GST Chapter 99, SAC codes are sometimes informally referred to as HSN codes in common searches.
How is SAC Code 998726 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Maintenance, repair and installation (except construction) services", and the last two digits specify the detailed nature of the service "Maintenance and repair services of musical instruments".
Where can I verify the latest GST rate for SAC Code 998726?
You can verify the latest and applicable GST rate from the official CBIC website at https://www.cbic.gov.in.
Disclaimer: The information provided above is for general reference only. SAC descriptions and GST rates are subject to change based on notifications issued by the Government of India. Users are advised to verify the latest and applicable details from the official CBIC (Central Board of Indirect Taxes & Customs) website.