Search results
Apr 12, 2019 · SAC 997212 Rental or leasing services involving own or leased non-residential property. This service code includes: rental or leasing services concerning industrial, commercial or other non-residential buildings or property by owners or leaseholders, such as factories, office buildings, warehouses, theatres, convention centres, exhibition halls and multiple-use buildings that are primarily non- residential; agricultural, forestry and similar properties.
Renting or leasing services of industrial, commercial or other non-residential buildings or property by owners or leaseholders to others. Examples include factories, office buildings, warehouses, theatres and multiple use buildings which are primarily non-residential, as well as agricultural, forest and similar properties, and land for mineral or oil exploitation.
Dec 11, 2023 · The HSN code 997212 is mainly used for "Renting of Property Services." It is employed for classifying services about the leasing or renting of commercial real estate for a range of business-related usages. The leasing of office space, retail stores, warehouses, industrial units, and other assets is covered under this HSN code.
Jan 19, 2023 · SAC (Services Accounting Code) is a system of classification used by the Indian government to classify and tax various services. The sac code for renting of immovable property is 997212. The sac code also applies to all forms of rental agreements, such as long-term leases and short-term rentals. Under the GST (Goods and Services Tax) system, the.
Mar 21, 2018 · The applicant sought advance ruling on the question/issue that “Whether GST is leviable on the rent payable by a Hospital, catering life saving services?”. Held. The impugned service of Rental or leasing services involving own or leased non-residential property is classified under the heading (SAC) 997212 and is taxable under GST.
SAC (Services Accounting Code) code 997212 is classified under group 99721 (Real estate services involving owned or leased property) of GST services classification. Group 99721 is classified under heading 9972 (Real estate services). You can check GST tax rate on 9972, Real estate services. Decoding SAC 997212
☑ Quarterly | GSTR-3B GSTR-3B for the Quarter Apr - June 2024 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States. * State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.
