What is SAC code 998362?

SAC (Service Accounting Code) 998362 classifies purchase or sale of advertising space or time, on commission under the Indian GST framework. The applicable GST rate is 18%. This SAC falls under the Professional Services service category.

GST rate

18%

Intra-state split

CGST 9% + SGST 9%

When to use SAC 998362

Issuing tax invoices for purchase or sale of advertising space or time, on commission
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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