What is SAC code 997172?

SAC (Service Accounting Code) 997172 classifies services of holding securities and other assets of trusts and funds and similar financial entities 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 997172

Issuing tax invoices for services of holding securities and other assets of trusts and funds and similar financial entities
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 997172 → Calculate GST at 18%→ Find another SAC