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SAC CODE - 998732 : Installation services of industrial, manufacturing and service industry machinery and equipment.

GST RATE ON SAC CODE - 998732 IS 18%


SAC CODE Description
9987Maintenance, repair and installation (except construction) services
99873Installation services (other than construction)
998732Installation services of industrial, manufacturing and service industry machinery and equipment.

Services Accounting Codes (SAC Codes) 998732 is used for the Installation services of industrial, manufacturing and service industry machinery and equipment. 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) 998732 - 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 32 represent the detailed nature of service, Installation services of industrial, manufacturing and service industry machinery and equipment. in this case.

Explanation Of SAC CODE - 998732

This service code includes installation of machinery used in agriculture, such asmilking machines, machinery used in mining, such as machinery for sorting, separating, washing or crushing of stone and ores, machinery used in manufacturing, such as machinery for food production, textile production, paper production, plastic and rubber production, machinery for working on wood or metals and installation of industrial process control equipment, machinery used in service industries, such as machinery for restaurants and machinery and equipment for retail stores (except cash registers etc.)