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SAC CODE - 99952 : Services furnished by trade unions
| SAC CODE | Description |
|---|---|
| 9995 | Services of membership organizations |
| 99952 | Services furnished by trade unions |
| 999520 | Services furnished by trade unions |
Services Accounting Codes (SAC Codes) 99952 is used for the Services furnished by trade unions 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.
Explanation Of SAC CODE - 99952
- representation, negotiation, and information dissemination services of members' views concerning the work situation and organizational services for concerted action, provided by associations whose members are mainly employees
FAQs on SAC Code 99952
What is SAC Code 99952?
SAC Code 99952 refers to "Services furnished by trade unions" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Services of membership organizations".
What is the GST rate applicable on SAC Code 99952?
The GST rate for SAC Code 99952 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 99952?
This service code includes:representation, negotiation, and information dissemination services of members' views concerning the work situation and organizational services for concerted action, provided by associations whose members are main…
Is SAC Code 99952 the same as HSN Code 99952?
No. SAC codes are used for services, whereas HSN codes are used for goods. Since services fall under GST Chapter 99, SAC codes are sometimes informally referred to as HSN codes in common searches.
How is SAC Code 99952 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Services of membership organizations", and the last two digits specify the detailed nature of the service "Services furnished by trade unions".
Where can I verify the latest GST rate for SAC Code 99952?
You can verify the latest and applicable GST rate from the official CBIC website at https://www.cbic.gov.in.
Disclaimer: The information provided above is for general reference only. SAC descriptions and GST rates are subject to change based on notifications issued by the Government of India. Users are advised to verify the latest and applicable details from the official CBIC (Central Board of Indirect Taxes & Customs) website.