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SAC CODE - 999623 : Performing arts facility operation services
GST RATE ON SAC CODE - 999623 IS 18%
Services Accounting Codes (SAC Codes) 999623 is used for the Performing arts facility operation services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Recreational, cultural and sporting services.
How Services Accounting Codes (SAC Codes) 999623 - 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 96 represent the major nature of service, Recreational, cultural and sporting services in this case.
The next two digits 23 represent the detailed nature of service, Performing arts facility operation services in this case.
Explanation Of SAC CODE - 999623
This service code includes:
- operation of concert halls, theatres, opera houses, music halls
- operation of multipurpose centres and of similar facilities with a cultural predominance