What is SAC code 997312?

SAC (Service Accounting Code) 997312 classifies leasing or rental services concerning agricultural machinery and equipment with or without operator under the Indian GST framework. The applicable GST rate is 18%. This SAC falls under the Leasing service category.

GST rate

18%

Intra-state split

CGST 9% + SGST 9%

When to use SAC 997312

Issuing tax invoices for leasing or rental services concerning agricultural machinery and equipment with or without operator
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 997312 → Calculate GST at 18%→ Find another SAC