The code 999631 is a Services Accounting Code (SAC) used in India for Goods and Services Tax (GST) purposes to classify various performing arts, entertainment, sports, and recreational services. This classification helps determine the applicable GST rate for these services.
Understanding SAC Code 999631
SAC codes are a system of classification for services under the GST regime, similar to HSN codes for goods. Code 999631 specifically groups together a broad range of services primarily focused on entertainment, recreation, and related activities that fall under the performing arts, sports, and amusement sectors.
Services Covered by 999631
This versatile code encompasses services provided by a diverse group of professionals and entities within the arts, entertainment, and sports sectors. It includes:
- Performing Artists: This covers a wide array of individuals who offer their skills in performance, such as:
- Actors
- Readers
- Musicians
- Singers
- Dancers
- TV Personalities
- Independent Models
- Other Performing Arts and Live Entertainment Services n.e.c.: This category includes performing arts and live entertainment services not specifically classified elsewhere. It covers various forms of stage performances, concerts, and other live shows.
- Other Sports and Recreational Sports Services n.e.c.: Services related to sports and recreational activities that are not elsewhere classified also fall under this code. This can include services offered by coaches, personal trainers, or organizers of recreational sports events.
- Other Recreation and Amusement Services n.e.c.: This is a broad category for recreation and amusement services that do not fit into other specific classifications, ensuring comprehensive coverage for the entertainment industry.
Relevance for GST
For businesses and professionals offering the services listed above, identifying the correct SAC code like 999631 is crucial for:
- Accurate GST Billing: Ensuring that invoices correctly reflect the service type and applicable tax rate.
- Compliance: Adhering to GST regulations by applying the correct rate and filing appropriate returns.
- Tax Planning: Understanding the tax implications for their specific service offerings.
SAC Code 999631 at a Glance
| SAC Code | Description of Services |
|---|---|
| 999631 | Services of performing artists including actors, readers, musicians, singers, dancers, TV personalities, independent models etc. Other performing arts and live entertainment services n.e.c. Other sports and recreational sports services n.e.c. Other recreation and amusement services n.e.c. |
This code simplifies the classification of a wide range of similar services, streamlining the GST compliance process for those involved in the performing arts, entertainment, and recreational industries.
