Search results
SAC Code Description of Services Rate (%) CESS (%) Effective Date Rate Revision; 9954: Construction Services Of Buildings: 1.5/5/7.5/12/18: Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020.
Aug 24, 2021 · SAC Code 9954. Services are classified as per the Services Accounting Code (SAC). The SAC is strictly numeric and is 6 digits. The first two digits are same for all services i.e. 99, the next two digits represent the major nature of service and the last two digit represent detailed nature of service.
Heading 9954 - Construction Services, GST Tax Rate and SAC. Below list provides Services Accounting Code (SAC) and products. You can check GST tax applicable on your services. To check 6 digit SAC codes please browse at end of this page. You can check 6 digit code along with details of service.
May 27, 2024 · Let Tax2win handle your return filing while you focus on what matters to you. Our eCA service is tailored to your needs, Book eCA Now! SAC codes under GST for services - 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, 9968, 9969, 9971, 9972, 9973, 9981, 9982, 9983, 9984, 9985 etc.
Jan 25, 2022 · And, since the GST rate for works contract is 18%, thus the SAC code for Work Contracts is 9954. However, the GST rate for works contract related to construction or building of a unit intended for the purpose of sale is 12%.
To apply SAC Code 9954 to a specific construction service, businesses need to identify the service’s nature and match it with the closest fitting SAC code. This correct classification is essential for accurate tax reporting and compliance with regulations.
9954 CONSTRUCTION SERVICES OF BUILDINGS Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020.
The Service Accounting Code (SAC) for ‘Construction Services’ is 9954. This code encompasses a wide array of services related to construction, ranging from residential to commercial projects. It reflects the multifaceted nature of construction activities and the expertise required to bring architectural visions to life.
GST Tax Rate: 18%. Description: (i) Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its ...
Nov 11, 2023 · The Service Accounting Code (SAC) for Construction Services of Buildings under the Goods and Services Tax (GST) system is SAC code 9954. This code applies explicitly to services associated with constructing various types of buildings, encompassing both residential and commercial structures.
