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Provided that credit of input tax charged on goods and services used in supplying the service, other than the input tax credit of input service in the same line of business (i.e. tour operator service procured from another tour operator) has not been taken [Please refer to Explanation no. (iv)] 2.
SAC (Services Accounting Code) code 998596 is classified under group 99859 (Other support services) of GST services classification. Group 99859 is classified under heading 9985 (Support services).
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.
May 17, 2019 · Hence such service shall be classifiable under HSN 998596 (i.e. events, exhibitions, conventions and trade shows organisation and assistance services) and applicant is liable to pay tax at the rate of 18% GST (SGST 9%+ CGST 9%).
The HSN CODE FOR Events, Exhibitions, Conventions and trade shows organisation and assistance services is 998596. The full form of HSN Code is Harmonized System of Nomenclature. It was introduced in 1988 by the World Customs Organization (WCO). It is a 6-digit code that separates different products.
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.
Heading 9985 - Support 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.
Apr 1, 2021 · Service Accounting Code are mandatory on invoices for supply of services as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more t.
The first four digits of the SAC code are 9985 which represent the services that come under the heading, Support services. The complete six digit SAC code 998596 is used for Events, Exhibitions, Conventions and trade shows organisation and assistance services .
Services Accounting Code (SAC Code) is used for Classifying services under GST. The codes have been issued by the Central Board of Excise and Customs (CBEC). They are used for the classification of all the services as each service has been assigned a unique SAC.
