SAC Codes for Services

Section NumberService Heading Number Group Number SAC Code Service Detail Service Description
Section 8Business And Production Services998199814998141Research And Development OriginalsResearch And Development Originals In Pharmaceuticals

Code 998141 is used for the Research And Development Originals In Pharmaceuticals under Services Accounting Codes (SAC Codes) for Goods and Service Tax classification. This service comes under Research And Development Originals, Section 8 - Business And Production Services. Heading number of this service is 9981 and the group number is 99814. These codes are mandatory mapping or classification of services that need to be used by a taxpayer.

When services are recognised via their specific SAC Codes, which are globally acceptable. The identification of services becomes easy, and resultantly possibilities of misinterpretation tend to reduce. While filing GST returns online, HSN code in respect of the supply of goods and SAC Code in respect of the supply of services will have to be uploaded, and there will be no need for entering the description of the goods or services while filing GST returns.

 

1970-01-01