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SAC CODE - 999511 : Services furnished by business and employers organizations
GST RATE ON SAC CODE - 999511 IS 18%
Services Accounting Codes (SAC Codes) 999511 is used for the Services furnished by business and employers organizations under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Services of membership organizations.
How Services Accounting Codes (SAC Codes) 999511 - 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 95 represent the major nature of service, Services of membership organizations in this case.
The next two digits 11 represent the detailed nature of service, Services furnished by business and employers organizations in this case.
Explanation Of SAC CODE - 999511
- representation, negotiation, information dissemination, and similar services provided by business and employers membership organizations whose member interests centre on the development and welfare of business or trade in general or of a particular line, including chambers of commerce
- public relations services rendered by others on behalf of the association, cf. 83121