Boost Your B2B Sales with Getatoz
Get Listed FreeExplore SAC Code of thousands of services.
SAC CODE - 998877 : Special-purpose machinery manufacturing services
GST RATE ON SAC CODE - 998877 IS 18%
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
FAQs on SAC Code 998877
What is SAC Code 998877?
SAC Code 998877 refers to "Special-purpose machinery manufacturing services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Manufacturing services on physical inputs (goods) owned by others".
What is the GST rate applicable on SAC Code 998877?
The GST rate for SAC Code 998877 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under 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 machine…
Is SAC Code 998877 the same as HSN Code 998877?
No. SAC codes are used for services, whereas HSN codes are used for goods. Since services fall under GST Chapter 99, SAC codes are sometimes informally referred to as HSN codes in common searches.
How is SAC Code 998877 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Manufacturing services on physical inputs (goods) owned by others", and the last two digits specify the detailed nature of the service "Special-purpose machinery manufacturing services".
Where can I verify the latest GST rate for SAC Code 998877?
You can verify the latest and applicable GST rate from the official CBIC website at https://www.cbic.gov.in.
Disclaimer: The information provided above is for general reference only. SAC descriptions and GST rates are subject to change based on notifications issued by the Government of India. Users are advised to verify the latest and applicable details from the official CBIC (Central Board of Indirect Taxes & Customs) website.