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SAC CODE - 998860 : Basic metal manufacturing services
GST RATE ON SAC CODE - 998860 IS 18%
| SAC CODE | Description |
|---|---|
| 9988 | Manufacturing services on physical inputs (goods) owned by others |
| 99886 | Basic metal manufacturing services |
| 998860 | Basic metal manufacturing services |
Services Accounting Codes (SAC Codes) 998860 is used for the Basic metal 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) 998860 - 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 60 represent the detailed nature of service, Basic metal manufacturing services in this case.