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SAC CODE - 998942 : Non-metal waste and scrap recovery (recycling) services, on a fee or contract basis

GST RATE ON SAC CODE - 998942 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
998942Non-metal waste and scrap recovery (recycling) services, on a fee or contract basis

Services Accounting Codes (SAC Codes) 998942 is used for the Non-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) 998942 - 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 42 represent the detailed nature of service, Non-metal waste and scrap recovery (recycling) services, on a fee or contract basis in this case.

Explanation Of SAC CODE - 998942

This service code includes processing services of non-metal waste and scrap and of non-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. reclaiming of rubber such as used tires to produce secondary raw material; sorting and pelleting of plastics to produce secondary raw material for tubes, flower pots, pallets and the like;
  2. reclaiming of chemicals from chemical waste;
  3. crushing, cleaning and sorting of glass;
  4. crushing, cleaning and sorting of other waste such as demolition waste to obtain secondary raw material
This service code does not include:
  1. wholesale trade services in waste and scrap including collecting, sorting, packing, dealing, etc. without an industrial process :- 996111