What is SAC code 997322?

SAC (Service Accounting Code) 997322 classifies leasing or rental services concerning video tapes and disks (home entertainment 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 997322

Issuing tax invoices for leasing or rental services concerning video tapes and disks (home entertainment 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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