What is SAC code 997338?

SAC (Service Accounting Code) 997338 classifies licensing services for right to use other natural resources including telecommunication spectrum 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 997338

Issuing tax invoices for licensing services for right to use other natural resources including telecommunication spectrum
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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