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SAC CODE - 998877 : Special-purpose machinery manufacturing services

GST RATE ON SAC CODE - 998877 IS 18%


SAC CODE Description
9988Manufacturing services on physical inputs (goods) owned by others
99887Fabricated metal product, machinery and equipment manufacturing services
998877Special-purpose machinery manufacturing services

Services Accounting Codes (SAC Codes) 998877 is used for the Special-purpose machinery 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) 998877 - 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 77 represent the detailed nature of service, Special-purpose machinery manufacturing services in this case.

Explanation Of SAC CODE - 998877

This service code includes agricultural and forestry machinery manufacturing services, metal-forming machinery and machine tools manufacturing services, metallurgy machinery manufacturing services, mining, quarrying and construction machinery manufacturing services, food, beverage and tobacco processing machinery manufacturing services, textile, apparel and leather production machinery manufacturing services and other special-purpose machinery manufacturing services