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SAC group 9971 covers Financial and related services: 41 service codes, each with its GST rate today. Tap a code to open it in the BooksOn HSN app with its conditions and the CBIC notification entry.
GST rate column: the rates in force on 26 October 2026 (IGST; CGST and SGST are half each). Where a code shows two or more rates, the rate depends on the goods (price, packing, buyer or use): open the code in the app or the GST Rate Finder to see which one fits. Reference only: confirm the rate in the CBIC notification.
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| SAC code | Service | GST rate |
|---|---|---|
997111 | Central banking services | Nil or 5% or 18% |
997112 | Deposit services | Nil or 5% or 18% |
997113 | Credit-granting services including stand-by commitment, guarantees and securities | 18% |
997114 | Financial leasing services | Nil or 5% or 18% |
997115 | Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration. | 18% |
997116 | Any transfer of right in goods or of undivided share in goods without the transfer of title thereof. | 18% |
997119 | Other financial services (except investment banking, insurance services and pension services) | Nil or 5% or 18% |
997120 | Investment banking services | 18% |
997131 | Pension services | Nil or 5% or 18% |
997132 | Life insurance services (excluding reinsurance services) | Nil or 5% or 18% |
997133 | Accident and health insurance services | Nil or 5% or 18% |
997134 | Motor vehicle insurance services | Nil or 5% or 18% |
997135 | Marine, aviation, and other transport insurance services | Nil or 5% or 18% |
997136 | Freight insurance services and travel insurance services | Nil or 5% or 18% |
997137 | Other property insurance services | Nil or 5% or 18% |
997138 | Freight insurance services and travel insurance services | Nil or 5% or 18% |
997139 | Other non-life insurance services (excluding reinsurance services) | Nil or 5% or 18% |
997141 | Life reinsurance services | Nil or 5% or 18% |
997142 | Accident and health reinsurance services | Nil or 5% or 18% |
997143 | Motor vehicle reinsurance services | Nil or 5% or 18% |
997144 | Marine, aviation and other transport reinsurance services | Nil or 5% or 18% |
997145 | Freight reinsurance services | Nil or 5% or 18% |
997146 | Other property reinsurance services | Nil or 5% or 18% |
997147 | Other property reinsurance services | Nil or 5% or 18% |
997149 | Other non-life reinsurance services | Nil or 5% or 18% |
997151 | Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services | 18% |
997152 | Brokerage and related securities and commodities services including commodity exchange services | 18% |
997153 | Portfolio management services except pension funds | Nil or 5% or 18% |
997154 | Trust and custody services | Nil or 5% or 18% |
997155 | Services related to the administration of financial markets | 18% |
997156 | Financial consultancy services | 18% |
997157 | Foreign exchange services | Nil or 5% or 18% |
997158 | Financial transactions processing and clearing house services | 18% |
997159 | Other services auxiliary to financial services | Nil or 5% or 18% |
997161 | Services auxiliary to insurance and pensions | Nil or 5% or 18% |
997162 | Insurance claims adjustment services | Nil or 5% or 18% |
997163 | Actuarial services | 18% |
997164 | Pension fund management services | Nil or 5% or 18% |
997169 | Other services auxiliary to insurance and pensions | Nil or 5% or 18% |
997171 | Services of holding equity of subsidiary companies | 18% |
997172 | Services of holding securities and other assets of trusts and funds and similar financial entities | Nil or 5% or 18% |
Codes and descriptions from the BooksOn HSN dataset (version 7, 2026-10-19), compiled from the Customs Tariff and CBIC notifications. Reference only; see Sources & disclaimer.
