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SAC CODE - 999592 : Services furnished by political organizations
GST RATE ON SAC CODE - 999592 IS 18%
| SAC CODE | Description |
|---|---|
| 9995 | Services of membership organizations |
| 99959 | Services furnished by other membership organizations |
| 999592 | Services furnished by political organizations |
Services Accounting Codes (SAC Codes) 999592 is used for the Services furnished by political 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) 999592 - 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 92 represent the detailed nature of service, Services furnished by political organizations in this case.
Explanation Of SAC CODE - 999592
This service code includes:
- information dissemination, public relations, fund-raising and similar services provided by political parties and similar organizations, engaged in placing their members or those sympathetic to the party in political