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SAC CODE - 999131 : Administrative services related to sickness, maternity or temporary disablement benefit schemes.
GST RATE ON SAC CODE - 999131 IS 18%
Services Accounting Codes (SAC Codes) 999131 is used for the Administrative services related to sickness, maternity or temporary disablement benefit schemes. under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Public administration and other services provided to the community as a whole; compulsory social security services.
How Services Accounting Codes (SAC Codes) 999131 - 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 91 represent the major nature of service, Public administration and other services provided to the community as a whole; compulsory social security services in this case.
The next two digits 31 represent the detailed nature of service, Administrative services related to sickness, maternity or temporary disablement benefit schemes. in this case.