SAC Code 997158 -- – Financial transactions processing and clearing house services (GST Rate 18%)

SAC Code 997158

Financial transactions processing and clearing house services

SAC997158

Financial transactions processing and clearing house services

18%
IGST
CGST9%
SGST/UTGST9%
CessNil
Chapter: Chapter 99 -- Services
Heading: 9971
Subheading: 997158
Source: Notification No. 11/2017 - Central Tax (Rate) (services; 9/2025 reform did not change SAC slabs)
Effective from: 2017-07-01
Last verified: 2026-06-06

When does this rate apply?

Use this SAC Code on tax invoices when supplying Financial transactions processing and clearing house services. GST is charged at 18% (IGST for inter-state, or CGST 9% + SGST 9% for intra-state). If the supply is exported under LUT, the rate is zero with no IGST charged.

This page is reviewed by CA Tirumalesh. For high-value or unusual transactions, confirm with the latest CBIC notification or consult a chartered accountant before invoicing.

Create an invoice with this code → See all items at 18% →

Related codes from Services

997151
Services related to investment banking such as mergers & acquisition s
18%
997152
Brokerage and related securities and commodities services including co
18%
997153
Portfolio management services except pension funds
18%
997154
Trust and custody services
18%
997155
Services related to the administration of financial markets
18%

Frequently asked questions

What is SAC Code 997158?
SAC Code 997158 is the official Service Accounting code for Financial transactions processing and clearing house services, as per the CBIC GST rate schedule.
What is the GST rate for SAC Code 997158?
SAC Code 997158 attracts GST at 18% (IGST). For intra-state supplies, this is split as CGST 9% + SGST 9%. As per Notification No. 11/2017 - Central Tax (Rate) (services; 9/2025 reform did not change SAC slabs).
Which chapter does SAC Code 997158 belong to?
SAC Code 997158 falls under Chapter 99 -- Services of the GST tariff.
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