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SAC CODE - 998876 : General-purpose machinery manufacturing services n.e.c.

GST RATE ON SAC CODE - 998876 IS 18%


SAC CODE Description
9988Manufacturing services on physical inputs (goods) owned by others
99887Fabricated metal product, machinery and equipment manufacturing services
998876General-purpose machinery manufacturing services n.e.c.

Services Accounting Codes (SAC Codes) 998876 is used for the General-purpose machinery manufacturing services n.e.c. 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) 998876 - 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 76 represent the detailed nature of service, General-purpose machinery manufacturing services n.e.c. in this case.

Explanation Of SAC CODE - 998876

This service code includes engines and turbine manufacturing services, fluid power equipment manufacturing services, other pump, compressor, tap and valve manufacturing services, bearing, gear, gearing and driving element manufacturing services, oven, furnace and furnace burner manufacturing services, lifting and handling equipment manufacturing services, office machinery and equipment (except computers and peripheral equipment) manufacturing services, power-driven hand tool manufacturing services and other general-purpose machinery manufacturing services