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Do much more than verifying HSN/SAC codes with ClearTax GST, India's most trusted billing and GST solution where reconciliation is made easy through intelligent inbuilt validations and tools. Calculate monthly Pension & Tax Benefits through Cleartax NPS Calculator
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).
Unraveling the SAC Code for Commercial Rent. What is the SAC Code for Commercial Rent Received? The SAC code for commercial rent received is 997212. This code is used to classify the services provided by landlords or property owners when they lease or rent out commercial immovable properties to businesses for various commercial activities.
Real Estate Services. Origin Chapter: Chapter 99. Disclaimer: Rates given above are updated up to the GST (Rate) notification no. 05/2020 dated 16th October 2020 to the best of our information. We have sourced the HSN code information from the master codes published on the NIC's GST e-Invoice system.
May 27, 2024 · Let Tax2win handle your return filing while you focus on what matters to you. Our eCA service is tailored to your needs, Book eCA Now! SAC codes under GST for services - 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, 9968, 9969, 9971, 9972, 9973, 9981, 9982, 9983, 9984, 9985 etc.
Dec 23, 2022 · GST Council has decided to adopt the SAC code system for levy of GST in India. GST for service is levied in 5 slabs namely 0%, 5%, 12%, 18% and 28%. In this article, let us look at the SAC code for all services along with GST rates in accordance with GST regulations.
GST tax on Leasing or rental services with or without operator - 9973 SAC Code and GST rates and 6 digit code.
By utilizing SAC code 9973, the GST process for leasing or rental services of immovable property becomes more streamlined. It ensures that the appropriate GST rates and regulations are applied to these transactions, enabling accurate taxation and compliance within the real estate sector.
SAC Code 997211 applies to rental or leasing services involving owned or leased residential property. SAC Code 997212 covers rental or leasing services involving owned or leased non-residential property.
Apr 5, 2021 · Answer this Question. GST SAC Code For Real Estate Services. Rental or leasing services involving own or leased non-residential property.
