Education Services - GST Rates SAC CODE 9992

Education is a fundamental right of every individual, and it is essential for the economic and social development of any country. The Indian government has taken several initiatives to ensure that education is accessible to every citizen of the country. The Goods and Services Tax (GST) is a comprehensive indirect tax that has replaced several indirect taxes in India. The education sector has not been left out of the GST regime. In this article, we will discuss the GST rates and SAC code for education services in India.

GST Rates for Education Services

The GST rates for education services are determined based on the type of service provided. The following are the GST rates for education services in India:

1. Pre-school education and education up to higher secondary school (Class 12) – Nil GST

2. Services provided by higher education institutions – Nil GST

3. Vocational education and skill development courses – 18% GST

4. Coaching classes and tutorial services – 18% GST

5. Education support services – 18% GST

6. Online education services – 18% GST

It is important to note that the GST rates for education services are subject to change. Therefore, it is advisable to check the latest GST rates before providing education services.

SAC Code for Education Services

The SAC (Services Accounting Code) is a unique code that is used to classify services for taxation purposes. The following are the SAC codes for education services in India:

1. Pre-school education and education up to higher secondary school (Class 12) – SAC code 9992

2. Services provided by higher education institutions – SAC code 9992

3. Vocational education and skill development courses – SAC code 999293

4. Coaching classes and tutorial services – SAC code 999294

5. Education support services – SAC code 999295

6. Online education services – SAC code 999296

Conclusion

The GST rates and SAC codes for education services in India are determined based on the type of service provided. It is essential for education service providers to be aware of the GST rates and SAC codes to ensure compliance with the tax laws in India. Education is a vital sector for the economic and social development of India, and it is crucial that education services are accessible to every citizen of the country.