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Leasing

SAC 997335

Licensing services for the right to use R&D products

18% GST

What is SAC code 997335?

SAC (Service Accounting Code) 997335 classifies licensing services for the right to use r&d products 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 997335

  • Issuing tax invoices for licensing services for the right to use r&d products
  • 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 997335→ Calculate GST at 18%→ Find another SAC

Related SAC codes in Leasing

9973
Leasing or rental services
18%
997311
Leasing of motor vehicles without driver
18%
997312
Leasing or rental services concerning agricultural machinery and equipment with or without operator
18%
997313
Leasing or rental services concerning construction machinery and equipment with or without operator
18%
997314
Leasing or rental services concerning office machinery and equipment (except computers) with or without operator
18%
997315
Leasing or rental services concerning computers with or without operators
18%