What is SAC code 997119?

SAC (Service Accounting Code) 997119 classifies other financial services (except investment banking, insurance services and pension services) under the Indian GST framework. The applicable GST rate is 18%. This SAC falls under the Financial Services service category.

GST rate

18%

Intra-state split

CGST 9% + SGST 9%

When to use SAC 997119

Issuing tax invoices for other financial services (except investment banking, insurance services and pension services)
Filing GSTR-1 with service-wise summary
Reverse charge mechanism (RCM) classification where applicable
Place of supply determination for services

Note: SAC codes are 6-digit; the first 4 represent the chapter group. Verify with gst.gov.in.

→ Generate invoice with SAC 997119 → Calculate GST at 18%→ Find another SAC