Services Extraterritorial Organizations Bodies - GST Rates  SAC CODE 9999

India has a well-defined taxation system, and with the implementation of the Goods and Services Tax (GST), it has become even more structured. GST is a comprehensive tax levied on the supply of goods and services in India. It is divided into five tax brackets based on the commodity and service category, and each category has its own GST rate. One such category is the Services Extraterritorial Organizations Bodies, and this article will discuss the GST rates and SAC code 9999 for it.

What is Services Extraterritorial Organizations Bodies?

Services Extraterritorial Organizations Bodies refer to organizations and bodies that operate outside of India and provide a range of services. The services offered by these organizations and bodies are generally not taxable under the Indian tax system. However, under GST, these services have been brought under the tax ambit.

The services provided by Services Extraterritorial Organizations Bodies include:

1. Embassies
2. UN Organizations
3. Diplomatic Missions
4. Consulates
5. Trade representation offices
6. International organizations

GST Rates for Services Extraterritorial Organizations Bodies

The GST rates for Services Extraterritorial Organizations Bodies are quite unique and differ from the rates levied on other commodities and services. The GST rate applicable to Services Extraterritorial Organizations Bodies is 0%, i.e., no GST is levied on the services provided by them. However, these organizations and bodies are required to register for GST and file returns on their services.

SAC Code for Services Extraterritorial Organizations Bodies

SAC Code stands for Services Accounting Code. It is a unique code assigned to each type of service provided under GST. SAC Code 9999 is assigned to Services Extraterritorial Organizations Bodies.

Here is the complete list of services that fall under SAC Code 9999:

1. Services offered by embassies, consulates, and other diplomatic organizations
2. Services offered by UN organizations, trade representation offices, and other international organizations

Conclusion

Services Extraterritorial Organizations Bodies offer a range of services outside of India, and with the implementation of GST, these services have been brought under the tax ambit. The GST rate applicable to these services is 0%, and the SAC code assigned to them is SAC Code 9999. This article has covered everything you need to know about the GST rates and SAC code for Services Extraterritorial Organizations Bodies.

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