SAC Code 9962 belongs to the Services in retail trade category in the Indian Services Accounting Code (SAC) system. Developed by the government, this system ensures accurate taxation by providing a classification framework for services. SAC Code 9962 specifically excludes the sale or purchase of goods.
The scope of SAC Code 9962, which falls under the category of Services in retail trade, encompasses a wide range of services related to retail operations. Some key areas covered under SAC Code 9962 may include:
SAC Code 9961 under GST can be classified in the following ways:
|9962||Services in retail trade. Explanation – This service does not include sale or purchase of goods||18%|
|9962||Service provided by Fair Price Shops to Central Government by way of sale of wheat, rice and coarse grains under Public Distribution System(PDS) against consideration in the form of commission or margin.||Nil|
|9962||Service provided by Fair Price Shops to State Governments or Union territories by way of sale of kerosene, sugar, edible oil, etc. under Public Distribution System (PDS) against consideration in the form of commission or margin.||Nil|
|996211||Services provided for a fee/commission or contract basis on retail trade||18%|