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  4. FINANCIAL SERVICES - GST RATES & SAC CODE 9971

Financial Services.

Origin Chapter: Chapter 99

SAC Code Description of Services Rate (%) CESS (%) Effective Date Rate Revision
9971 Financial And Related Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997111 Central Banking Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997112 Deposit Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997113 Credit-Granting Services Including Stand-By Commitment, Guarantees & Securities 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997114 Financial Leasing Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997119 Other Financial Services (Except Investment Banking, Insurance Services And Pension Services) 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997120 Investment Banking Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997131 Pension Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997132 Life Insurance Services (Excluding Reinsurance Services) 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997133 Accident And Health Insurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997134 Motor Vehicle Insurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997135 Marine, Aviation, And Other Transport Insurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997136 Freight Insurance Services & Travel Insurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997137 Other Property Insurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997139 Other Non-Life Insurance Services (Excluding Reinsurance Services) 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997141 Life Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997142 Accident And Health Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997143 Motor Vehicle Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997144 Marine, Aviation And Other Transport Reinsurance Ser 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997145 Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997146 Freight Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997147 Other Property Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997149 Other Non-Life Reinsurance Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997151 Services Related To Investment Banking Such As Mergers & Acquisition Services, Corporate Finance & Venture Capital Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997152 Brokerage And Related Securities And Commodities Services Including Commodity Exchange Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997153 Portfolio Management Services Except Pension Funds 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997154 Trust And Custody Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997155 Services Related To The Administration Of Financial Markets 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997156 Financial Consultancy Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997157 Foreign Exchange Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997158 Financial Transactions Processing And Clearing House Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997159 Other Services Auxiliary To Financial Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997161 Insurance Brokerage And Agency Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997162 Insurance Claims Adjustment Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997163 Actuarial Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997164 Pension Fund Management Services 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997169 Other Services Auxiliary To Insurance And Pensions 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997171 Services Of Holding Equity Of Subsidiary Companies 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%
997172 Services Of Holding Securities And Other Assets Of Trusts And Funds And Similar Financial Entities 12/18 Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020. Provided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2019 13/10/2017 1/07/2017 12% 18% 18% 12%

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. There may be variations due to updates by the government. Kindly note that we are not responsible for any wrong information. If you need information about the "Effective Date" for every GST or cess rates, then please visit the CBIC website.
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