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May 27, 2024 · SAC Codes Description of Services Rates (%) 99: Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities.
Goods & Services Tax (GST) | Services ... Top ...
Apr 1, 2021 · 31. 995442. Installation, assembly and erection services of other prefabricated structures and constructions. 32. 995443. Installation services of all types of street furniture (such as bus shelters, benches, telephone booths, public toilets, and the like) 33. 995444.
Dec 23, 2022 · SAC Codes for various Services & its Rates. SAC Codes or Services Accounting Code is a system of classification developed by the service tax department in India for the classification of services. GST Council has decided to adopt the SAC code system for levy of GST in India. GST for service is levied in 5 slabs namely 0%, 5%, 12%, 18% and 28%.
Feb 22, 2021 · June 29, 2021. SAC Code List, Download SAC Code for GST in Excel, PDF Format. SAC Code means Services Accounting Code. SAC code is used to classify services unlike goods which follows HSN code. For each type of service provided, there is an unified code for recognition, measurement and taxation. However, in the current service tax regime, SAC ...
Services Accounting Code (SAC) defines a service product. GST tax rate is fixed for each sac at chapter level and then for any exception condition or notification is provided. Mentioning correct SAC code in Tax Invoice is very important, mentioning wrong SAC code can result in heavy penalty. List of SAC codes with GST tax rate
List of SAC codes with GST tax rate. 9954 - Construction services. 99541 - Construction services of buildings. 99542 - General construction services of civil engineering works. 99543 - Site preparation services. 99544 - Assembly and erection of prefabricated constructions. 99545 - Special trade construction services.
