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Published on:
February 25, 2023
By
Pranjal Gupta

Electricity Distribution Services - GST Rates SAC CODE 9969

Electricity Distribution Services are provided by power distribution companies to ensure that electricity is supplied to various parts of the country. Under the GST regime, these services are classified under the SAC code 9969, which falls under the 18% tax bracket.

In this article, we will discuss the GST rates and SAC code for these services in detail.

GST Rates on Electricity Distribution Services:

The GST rate on electricity distribution services is 18%. This rate is the same for all states in India, and there is no variation in the tax rates for different regions or states. The GST rate on electricity distribution services is applicable to all types of electricity distribution services, including high tension and low tension supply.

SAC Code for Electricity Distribution Services:

The SAC code for electricity distribution services is 9969. This code is used to classify all types of electricity distribution services under the GST regime. The SAC code is necessary for tax authorities to determine the appropriate GST rate applicable to the service.

Impact of GST on Electricity Distribution Services:

The implementation of GST has had a significant impact on electricity distribution services in India. Before GST, the tax rates on these services were different in different states, leading to confusion and inefficiencies in the system. However, under GST, the tax rates are standardized across all states, leading to a more transparent and efficient system.

Conclusion:

The GST rates and SAC code for electricity distribution services are essential for power distribution companies to understand. These services fall under the 18% tax bracket, and the SAC code used to classify these services is 9969. The implementation of GST has led to a more efficient and transparent system for electricity distribution services in India.

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