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SAC CODE - 998881 : Motor vehicle and trailer manufacturing services
GST RATE ON SAC CODE - 998881 IS 18%
| SAC CODE | Description |
|---|---|
| 9988 | Manufacturing services on physical inputs (goods) owned by others |
| 99888 | Transport equipment manufacturing services |
| 998881 | Motor vehicle and trailer manufacturing services |
Services Accounting Codes (SAC Codes) 998881 is used for the Motor vehicle and trailer 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) 998881 - 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 81 represent the detailed nature of service, Motor vehicle and trailer manufacturing services in this case.