SAC Code 997221
Property management services on a fee/commission basis or contract basis
SAC997221
Property management services on a fee/commission basis or contract basis
18%
IGST
CGST9%
SGST/UTGST9%
CessNil
When does this rate apply?
Use this SAC Code on tax invoices when supplying Property management services on a fee/commission basis or contract basis. 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.
Frequently asked questions
What is SAC Code 997221?
SAC Code 997221 is the official Service Accounting code for Property management services on a fee/commission basis or contract basis, as per the CBIC GST rate schedule.
What is the GST rate for SAC Code 997221?
SAC Code 997221 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 997221 belong to?
SAC Code 997221 falls under Chapter 99 -- Services of the GST tariff.