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SAC CODE - 998941 : Metal waste and scrap recovery (recycling) services, on a fee or contract basis

GST RATE ON SAC CODE - 998941 IS 18%


SAC CODE Description
9989Other manufacturing services; publishing, printing and reproduction services; materials recovery services
99894Materials recovery (recycling) services, on a fee or contract basis
998941Metal waste and scrap recovery (recycling) services, on a fee or contract basis

Services Accounting Codes (SAC Codes) 998941 is used for the Metal waste and scrap recovery (recycling) services, on a fee or contract basis 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) 998941 - 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 41 represent the detailed nature of service, Metal waste and scrap recovery (recycling) services, on a fee or contract basis in this case.

Explanation Of SAC CODE - 998941

This service code includes processing services of metal waste and scrap and of metal articles, whether or not used, into secondary raw material. Typical input consists of waste and scrap being sorted or unsorted but always unfit for further direct use in an industrial process, whereas the output is made fit for further processing and is to be considered then as an intermediate good. A process is required, either mechanical or chemical like
  1. mechanical crushing of metal waste such as used cars, washing machines, bikes, etc., with subsequent sorting and separation;
  2. mechanical reduction of large iron pieces such as railway wagons;
  3. stripping of used goods such as cars in order to obtain reusable parts;
  4. stripping of used goods such as cars or refrigerators to strip them of harmful waste (oil, cooling liquid, fuel, etc.)
This service code does not include:
  1. wholesale trade services in waste and scrap including collecting, sorting, packing, dealing, etc. without a transformation process :- 996111
  2. reprocessing services of depleted thorium or uranium :- 998842