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SAC CODE - 998874 : Computer, electronic and optical product manufacturing services

GST RATE ON SAC CODE - 998874 IS 18%


SAC CODE Description
9988Manufacturing services on physical inputs (goods) owned by others
99887Fabricated metal product, machinery and equipment manufacturing services
998874Computer, electronic and optical product manufacturing services

Services Accounting Codes (SAC Codes) 998874 is used for the Computer, electronic and optical 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) 998874 - 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 74 represent the detailed nature of service, Computer, electronic and optical product manufacturing services in this case.

Explanation Of SAC CODE - 998874

This service code includes electronic component and board manufacturing services, computer and peripheral equipment manufacturing services, communication equipment manufacturing services, consumer electronics manufacturing services, measuring, testing, navigating and control equipment manufacturing services, watch and clock manufacturing services, irradiation, electromedical and electrotherapeutic equipment manufacturing services, optical instrument and photographic equipment manufacturing services, and magnetic and optical media manufacturing services