What is SAC code 997337?

SAC (Service Accounting Code) 997337 classifies licensing services for the right to use minerals including its exploration and evaluation 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 997337

Issuing tax invoices for licensing services for the right to use minerals including its exploration and evaluation
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 997337 → Calculate GST at 18%→ Find another SAC