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SAC CODE - 998931 : Iron and steel casting services

GST RATE ON SAC CODE - 998931 IS 18%


SAC CODE Description
9989Other manufacturing services; publishing, printing and reproduction services; materials recovery services
99893Casting, forging, stamping and similar metal manufacturing services
998931Iron and steel casting services

Services Accounting Codes (SAC Codes) 998931 is used for the Iron and steel casting services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other manufacturing services; publishing, printing and reproduction services; materials recovery services.

How Services Accounting Codes (SAC Codes) 998931 - 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 89 represent the major nature of service, Other manufacturing services; publishing, printing and reproduction services; materials recovery services in this case.

The next two digits 31 represent the detailed nature of service, Iron and steel casting services in this case.

Explanation Of SAC CODE - 998931

This service code includes iron and steel casting services such as of malleable cast iron, spheroidal cast iron, grey cast iron and steel

Note: The resulting intermediate iron and steel casting products are typically not identifiable in the Harmonized Commodity Description and Coding System based on their future use.