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SAC CODE - 999512 : Services furnished by professional organizations

GST RATE ON SAC CODE - 999512 IS 18%


SAC CODE Description
9995Services of membership organizations
99951Services furnished by business, employers and professional organizations Services
999512Services furnished by professional organizations

Services Accounting Codes (SAC Codes) 999512 is used for the Services furnished by professional 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) 999512 - 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 12 represent the detailed nature of service, Services furnished by professional organizations in this case.

Explanation Of SAC CODE - 999512

This service code includes:
  1.  representation, negotiation, information dissemination, and similar services provided by professional organizations, whose member interest centre on scholarly disciplines or professional practices of technical fields in general or of a particular field