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SAC CODE - 999629 : Other performing arts and live entertainment services n.e.c.
GST RATE ON SAC CODE - 999629 IS 18%
Services Accounting Codes (SAC Codes) 999629 is used for the Other performing arts and live entertainment services n.e.c. 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) 999629 - 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 29 represent the detailed nature of service, Other performing arts and live entertainment services n.e.c. in this case.
Explanation Of SAC CODE - 999629
FAQs on SAC Code 999629
What is SAC Code 999629?
SAC Code 999629 refers to "Other performing arts and live entertainment services n.e.c." under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Recreational, cultural and sporting services".
What is the GST rate applicable on SAC Code 999629?
The GST rate for SAC Code 999629 is 18%. GST rates are subject to change based on government notifications.
Which services are covered under SAC Code 999629?
This service code includes management services for rights attached to artistic, literary, musical works; services ancillary to entertainment not elsewhere classified, such as operation of scenery and backdrops, operation of lighting and sou…
Is SAC Code 999629 the same as HSN Code 999629?
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 999629 derived?
SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Recreational, cultural and sporting services", and the last two digits specify the detailed nature of the service "Other performing arts and live entertainment services n.e.c.".
Where can I verify the latest GST rate for SAC Code 999629?
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.