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SAC CODE - 998735 : Installation services of professional medical machinery and equipment, and precision and optical instruments.
GST RATE ON SAC CODE - 998735 IS 18%
Services Accounting Codes (SAC Codes) 998735 is used for the Installation services of professional medical machinery and equipment, and precision and optical 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) 998735 - 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 35 represent the detailed nature of service, Installation services of professional medical machinery and equipment, and precision and optical instruments. in this case.