SAC Codes for Financial & Real Estate Services
Financial, real estate & leasing services — SAC codes with applicable GST rates for 2026.
PJ
GST guidance by Pardeep Jha, Chartered Accountant
Pardeep Jha & Associates, Chartered Accountants · Rates as on July 2026
These SAC groups cover financial and related services — banking and financial services, insurance, real-estate services, and leasing or rental of goods and intellectual property. Financial-service providers, brokers, property firms and leasing companies bill using these codes.
Most financial and real-estate services attract the standard 18% GST rate, though specific exemptions apply (for example, certain interest and specified financial transactions). Because exemptions in this area are precise, confirm both the SAC code and whether an exemption applies to your particular service.
Look up your financial, real-estate or leasing service below to apply the correct SAC code and GST rate.
SAC Codes & GST Rates
Rates are indicative — verify before you invoice. The rates below are compiled from publicly available GST rate schedules as on July 2026. GST rates and HSN/SAC classifications change through government notifications, and there is no single official consolidated HSN-wise rate list. Always confirm the current rate on the CBIC-GST portal or with a Chartered Accountant before issuing an invoice or filing a return.
| SAC Code | Description | GST Rate |
|---|---|---|
| 9971 | FINANCIAL AND RELATED SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997111 | CENTRAL BANKING SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997112 | DEPOSIT SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997113 | CREDIT-GRANTING SERVICES INCLUDING STAND-BY COMMITMENT, GUARANTEES & SECURITIES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997114 | FINANCIAL LEASING SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997119 | OTHER FINANCIAL SERVICES (EXCEPT INVESTMENT BANKING, INSURANCE SERVICES AND PENSION SERVICES) | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997120 | INVESTMENT BANKING SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997131 | PENSION SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997132 | LIFE INSURANCE SERVICES (EXCLUDING REINSURANCE SERVICES) | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997133 | ACCIDENT AND HEALTH INSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997134 | MOTOR VEHICLE INSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997135 | MARINE, AVIATION, AND OTHER TRANSPORT INSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997136 | FREIGHT INSURANCE SERVICES & TRAVEL INSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997137 | OTHER PROPERTY INSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997139 | OTHER NON-LIFE INSURANCE SERVICES (EXCLUDING REINSURANCE SERVICES) | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997141 | LIFE REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997142 | ACCIDENT AND HEALTH REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997143 | MOTOR VEHICLE REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997144 | MARINE, AVIATION AND OTHER TRANSPORT REINSURANCE SER | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997145 | SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997146 | FREIGHT REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997147 | OTHER PROPERTY REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997149 | OTHER NON-LIFE REINSURANCE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997151 | SERVICES RELATED TO INVESTMENT BANKING SUCH AS MERGERS & ACQUISITION SERVICES, CORPORATE FINANCE & VENTURE CAPITAL SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to... | 18% |
| 997152 | BROKERAGE AND RELATED SECURITIES AND COMMODITIES SERVICES INCLUDING COMMODITY EXCHANGE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997153 | PORTFOLIO MANAGEMENT SERVICES EXCEPT PENSION FUNDS | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997154 | TRUST AND CUSTODY SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997155 | SERVICES RELATED TO THE ADMINISTRATION OF FINANCIAL MARKETS | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997156 | FINANCIAL CONSULTANCY SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997157 | FOREIGN EXCHANGE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997158 | FINANCIAL TRANSACTIONS PROCESSING AND CLEARING HOUSE SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997159 | OTHER SERVICES AUXILIARY TO FINANCIAL SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997161 | INSURANCE BROKERAGE AND AGENCY SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997162 | INSURANCE CLAIMS ADJUSTMENT SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997163 | ACTUARIAL SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997164 | PENSION FUND MANAGEMENT SERVICES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997169 | OTHER SERVICES AUXILIARY TO INSURANCE AND PENSIONS | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997171 | SERVICES OF HOLDING EQUITY OF SUBSIDIARY COMPANIES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 997172 | SERVICES OF HOLDING SECURITIES AND OTHER ASSETS OF TRUSTS AND FUNDS AND SIMILAR FINANCIAL ENTITIES | Nil Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] | 18% |
| 9972 | REAL ESTATE SERVICES | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price, development charges or by any other name)... | 18% |
| 997211 | RENTAL OR LEASING SERVICES INVOLVING OWN OR LEASED RESIDENTIAL PROPERTY | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami,... | 18% |
| 997212 | RENTAL OR LEASING SERVICES INVOLVING OWN OR LEASED NON-RESIDENTIAL PROPERTY | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami,... | 18% |
| 997213 | TRADE SERVICES OF BUILDINGS | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price, development charges or by any other... | 18% |
| 997214 | TRADE SERVICES OF TIME-SHARE PROPERTIES | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price, development charges or... | 18% |
| 997215 | TRADE SERVICES OF VACANT AND SUBDIVIDED LAND | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price, development... | 18% |
| 997221 | PROPERTY MANAGEMENT SERVICES ON A FEE/COMMISSION BASIS OR CONTRACT BASIS | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami,... | 18% |
| 997222 | BUILDING SALES ON A FEE/COMMISSION BASIS OR CONTRACT BASIS | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price,... | 18% |
| 997223 | LAND SALES ON A FEE/COMMISSION BASIS OR CONTRACT BASIS | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami, cost, price,... | 18% |
| 997224 | REAL ESTATE APPRAISAL SERVICES ON A FEE/COMMISSION BASIS OR CONTRACT BASIS | Provided that the promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of upfront amount (called as premium, salami,... | 18% |
| 9973 | LEASING OR RENTAL SERVICES WITH OR WITHOUT OPERATOR | 18% |
| 997311 | LEASING OR RENTAL SERVICES CONCERNING TRANSPORT EQUIPMENTS INCLUDING CONTAINERS, WITH OR WITHOUT OPERATOR | 18% |
| 997312 | LEASING OR RENTAL SERVICES CONCERNING AGRICULTURAL MACHINERY AND EQUIPMENT WITH OR WITHOUT OPERATOR | 18% |
| 997313 | LEASING OR RENTAL SERVICES CONCERNING CONSTRUCTION MACHINERY AND EQUIPMENT WITH OR WITHOUT OPERATOR | 18% |
| 997314 | LEASING OR RENTAL SERVICES CONCERNING OFFICE MACHINERY AND EQUIPMENT (EXCEPT COMPUTERS) WITH OR WITHOUT OPERATOR | 18% |
| 997315 | LEASING OR RENTAL SERVICES CONCERNING COMPUTERS WITH OR WITHOUT OPERATORS | 18% |
| 997316 | LEASING OR RENTAL SERVICES CONCERNING TELECOMMUNICATIONS EQUIPMENT WITH OR WITHOUT OPERATOR | 18% |
| 997319 | LEASING OR RENTAL SERVICES CONCERNING OTHER MACHINERY AND EQUIPMENTS WITH OR WITHOUT OPERATOR | 18% |
| 997321 | LEASING OR RENTAL SERVICES CONCERNING TELEVISIONS, RADIOS, VIDEO CASSETTE RECORDERS, PROJECTORS, AUDIO SYSTEMS AND RELATED EQUIPMENT AND ACCESSORIES (HOME ENTERTAINMENT EQUIPMENT ) | 18% |
| 997322 | LEASING OR RENTAL SERVICES CONCERNING VIDEO TAPES AND DISKS (HOME ENTERTAINMENT EQUIPMENT ) | 18% |
| 997323 | LEASING OR RENTAL SERVICES CONCERNING FURNITURE AND OTHER HOUSEHOLD APPLIANCES | 18% |
| 997324 | LEASING OR RENTAL SERVICES CONCERNING PLEASURE AND LEISURE EQUIPMENT. | 18% |
| 997325 | LEASING OR RENTAL SERVICES CONCERNING HOUSEHOLD LINEN. | 18% |
| 997326 | LEASING OR RENTAL SERVICES CONCERNING TEXTILES, CLOTHING AND FOOTWEAR. | 18% |
| 997327 | LEASING OR RENTAL SERVICES CONCERNING DO-IT-YOURSELF MACHINERY AND EQUIPMENT | 18% |
| 997329 | LEASING OR RENTAL SERVICES CONCERNING OTHER GOODS | 18% |
| 997331 | LICENSING SERVICES FOR THE RIGHT TO USE COMPUTER SOFTWARE AND DATABASES. | 18% |
| 997332 | LICENSING SERVICES FOR THE RIGHT TO BROADCAST AND SHOW ORIGINAL FILMS, SOUND RECORDINGS, RADIO AND TELEVISION PROGRAMME ETC. | 18% |
| 997333 | LICENSING SERVICES FOR THE RIGHT TO REPRODUCE ORIGINAL ART WORKS | 18% |
| 997334 | LICENSING SERVICES FOR THE RIGHT TO REPRINT AND COPY MANUSCRIPTS, BOOKS, JOURNALS AND PERIODICALS. | 18% |
| 997335 | LICENSING SERVICES FOR THE RIGHT TO USE R&D PRODUCTS | 18% |
| 997336 | LICENSING SERVICES FOR THE RIGHT TO USE TRADEMARKS AND FRANCHISES | 18% |
| 997337 | LICENSING SERVICES FOR THE RIGHT TO USE MINERALS INCLUDING ITS EXPLORATION AND EVALUATION | 18% |
| 997338 | LICENSING SERVICES FOR RIGHT TO USE OTHER NATURAL RESOURCES INCLUDING TELECOMMUNICATION SPECTRUM | 18% |
| 997339 | LICENSING SERVICES FOR THE RIGHT TO USE OTHER INTELLECTUAL PROPERTY PRODUCTS AND OTHER RESCOURCES N.E.C | 18% |
Showing 74 SAC codes for this category.
Make a GST invoice with these codes — free
RaiseBill fills in the HSN/SAC code, calculates CGST/SGST/IGST and generates a compliant invoice in under a minute. No signup.
Create an invoice free → Search all HSN/SAC codes →Frequently Asked Questions
What is the SAC code for financial services?
Financial and related services fall under heading 9971. The exact 6-digit SAC depends on the specific service — banking, insurance or fund management — as shown in the table.
Is GST charged on real estate brokerage?
Real-estate agency and brokerage services are taxable at the standard rate. However, certain transactions in land and completed buildings fall outside GST, so the treatment depends on what exactly is being supplied.
How many digits of the HSN code do I need to put on my invoice?
It depends on your aggregate annual turnover. Businesses with turnover up to ₹5 crore must quote at least a 4-digit HSN code (a 2-digit code is allowed for B2C supplies below the threshold), while those above ₹5 crore must quote a 6-digit code. Many businesses use the full 8-digit code to be safe. SAC codes for services follow the same digit logic.
Published/updated July 2026. This information is provided for general guidance only and does not constitute tax or legal advice. GST rates and HSN/SAC classifications change frequently through government notifications. RaiseBill and Pardeep Jha & Associates accept no liability for any loss arising from reliance on this data — for binding classification and current rates, refer to the CBIC-GST portal or consult a qualified Chartered Accountant.