What is SAC code 997321?

SAC (Service Accounting Code) 997321 classifies leasing or rental services concerning televisions, radios, video cassette recorders, projectors, audio systems and related equipment 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 997321

Issuing tax invoices for leasing or rental services concerning televisions, radios, video cassette recorders, projectors, audio systems and related equipment
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.

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