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SAC CODE - 998823 : Leather and leather product manufacturing services
GST RATE ON SAC CODE - 998823 IS 18%
Services Accounting Codes (SAC Codes) 998823 is used for the Leather and leather product manufacturing services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Manufacturing services on physical inputs (goods) owned by others.
How Services Accounting Codes (SAC Codes) 998823 - 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 88 represent the major nature of service, Manufacturing services on physical inputs (goods) owned by others in this case.
The next two digits 23 represent the detailed nature of service, Leather and leather product manufacturing services in this case.