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What is sac code 9954?
What is sac code?
What is services accounting code (SAC)?
What does 995414 do?
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.
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All goods and services transacted in India under GST are classified under the HSN code system or SAC Code system. Where services are classified under SAC Code and goods are classified under HSN Code. Services Accounting Code also called as SAC Code is a classification system for services developed by the Service Tax Department of India. Using GST S...
How do I carry out a SAC Code Search?Why do I need a SAC Code finder?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 servicesi.e. 99, the next two digits represent the major nature of service and the last two digit represent detailed nature of service. To understand this better, let us take an example of SAC code 99...
Read More on GST Rates & Charges GST Rates, GST Rate Finder, GST Rate on Labour Charges, HSN Codes, GST State Codes GST GST Software, GST Calculator, GST on Freight, GST on Ecommerce, GST Impact on TCS, GST Impact on TDS, GST Exempted Goods & Services, Reverse Charge Mechanism in GST, GST Declaration Types of GST CGST, SGST, IGST, UTGST, Difference...
Find out the meaning and classification of SAC Code 9954 for various types of construction services under GST. Learn how to use SAC Code finder and SAC Code for Job Works.
Find the GST tax rate and SAC code for different types of construction services under heading 9954. Learn the conditions, provisions and explanations for each service item with examples and annexures.
DescriptionPercentage(i) Construction of affordable ...CGST - 0.75% SGST - 0.75% IGST - 1.5%(ia) Construction of residential ...CGST - 3.75% SGST - 3.75% IGST - 7.5%(ib) Construction of commercial ...CGST - 3.75% SGST - 3.75% IGST - 7.5%(ic) Construction of affordable ...CGST - 0.75% SGST - 0.75% IGST - 1.5%May 27, 2024 · SAC Code 9954 is for services provided by the Central Government, State Government, Union territory or local authority to a business entity with an aggregate turnover of up to 20 lakh rupees in the preceding financial year. Find more details of SAC codes and GST rates on services on Tax2win website.
Sac CodesDescription Of ServicesRates (%)9954Other construction services18%9954Construction of a complex, building, ...18%9954Composite supply of Works contract as ...18%9954Composite supply of works contract as ...12%Jan 25, 2022 · Learn about the definition, scope, rates and ITC of works contract under GST. Find out the difference between works contract and composite supply, and the changes in works contract services to Government.
Dec 23, 2022 · 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%. In this article, let us look at the SAC code for all services along with GST rates in accordance with GST regulations.
Learn about the scope, categorisation, and application of SAC Code-9954, which belongs to the category of construction services under the GST system in India. Find out the GST rates and examples of services covered by this code.
