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SAC CODE - 999694 : Lottery services
GST RATE ON SAC CODE - 999694 IS 18%
| SAC CODE | Description |
|---|---|
| 9996 | Recreational, cultural and sporting services |
| 99969 | Other amusement and recreational services |
| 999694 | Lottery services |
Services Accounting Codes (SAC Codes) 999694 is used for the Lottery 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) 999694 - 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 94 represent the detailed nature of service, Lottery services in this case.
Explanation Of SAC CODE - 999694
This service code includes organization, distribution and selling services of lotteries, lottos and other similar items.