Browse SAC Code
Explore SAC Code of thousands of services.
SAC CODE - 997211 : Rental or leasing services involving own or leased residential property
GST RATE ON SAC CODE - 997211 IS 18%
| SAC CODE | Description |
|---|---|
| 9972 | Real estate services |
| 99721 | Real estate services involving owned or leased property |
| 997211 | Rental or leasing services involving own or leased residential property |
Services Accounting Codes (SAC Codes) 997211 is used for the Rental or leasing services involving own or leased residential property under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Real estate services.
How Services Accounting Codes (SAC Codes) 997211 - is Derived?
A uniform format is followed to generate the Service Accounting Code.
The first two digits are 99 always for services.
The next two digits 72 represent the major nature of service, Real estate services in this case.
The next two digits 11 represent the detailed nature of service, Rental or leasing services involving own or leased residential property in this case.
Explanation Of SAC CODE - 997211
This service code includes rental or leasing services concerning residential properties by owners or lease holders houses, flats, apartment buildings, multiple-use buildings that are primarily residential, residential mobile home sites.
This service code does not include:
- accommodation services provided by operating hotels, motels, rooming houses, school dormitories, camp sites and other lodging places :- 99631