Broad Classification of Services :
Services have been classified into 12 broad sectors e.g. Business Services, Communication Services, Distribution Services, Financial Services etc. Each sector is divided into sub-sectors and codes have been given.
The classification can be used for statistical purposes but not for taxation purposes.
The classification is as follows—
1. Business Services – A. Professional Services, B. Computer and related services, C. Research and development services, D. Real estate services, E. Rental/leasing services without operators, F. Other Business Services
2. Communication Services – A. Postal Services, B. Courier Services, C. Telecommunication Services, D. Audiovisual Services, E. Others
3. Construction and related engineering services – A. General Construction work for building, B. General Construction work for Civil Engineering, C. Installation and assembly work, D. Building completion and finishing work, E. Others
4. Distribution Services – A. Commission Agents’ Services, B. Wholesale trade services, C. Retailing Services, D. Franchising, E. Others
5. Educational Services
6. Environmental Services
7. Financial Services – A. All Insurance and insurance-related services, B. Banking and other Financial Services (excluding insurance), C. Other
8. Health related and social services
9. Tourism and travel-related services
10. Recreational, cultural and sporting services
11. Transport Services – A. Maritime transport services, B. Internal waterways transport, C. Air transport services, D. Space transport, E. Rail transport services, F. Road transport services, G. Pipeline transport, H. Services Auxiliary to All modes of transport.
12. Other services not included elsewhere.