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SAC CODE - 999242 : Higher education services, technical
GST RATE ON SAC CODE - 999242 IS NIL
| SAC CODE | Description |
|---|---|
| 9992 | Education services |
| 99924 | Higher education services |
| 999242 | Higher education services, technical |
Services Accounting Codes (SAC Codes) 999242 is used for the Higher education services, technical under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Education services.
How Services Accounting Codes (SAC Codes) 999242 - 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 92 represent the major nature of service, Education services in this case.
The next two digits 42 represent the detailed nature of service, Higher education services, technical in this case.
Explanation Of SAC CODE - 999242
This service code includes higher education services, above higher secondary level, in technical fields such as engineering, medical, bio-technology etc.