Car Parking Under SAC Code 996743

Car parking services cover running and managing organised parking spaces for cars and other vehicles in malls, offices, residential complexes and markets. Operators provide marked slots, entry and exit control and basic safety for parked vehicles. Under GST, these car parking and parking lot management services are classified under SAC 996743. This SAC code and its GST rate decide how GST applies on parking fees.

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996743 SAC Code GST Rate

Review old and new GST rates for Car Parking under 996743 SAC Code.

Car parking services under SAC 996743 are treated as parking and access services under GST. Parking fees in malls, offices, complexes and organised parking lots are generally taxable unless a specific exemption is notified for a particular project or authority.

After the September 2025 rationalisation, most supporting transport and infrastructure operation services under these codes generally fall in the 18 percent slab with input tax credit, as they are business to business and input intensive. In limited public infrastructure or government notified cases, concessional or special treatment may apply as per the latest GST notifications.

The table below explains the current GST rate applicable to SAC code 996743 for typical supporting transport and infrastructure services.

SAC Code

996743

Description

Parking lot services

New Rate

18 %
Standard

Old Rate

18 %

Notes

Storage and parking services for vehicles have consistently been at 18% with ITC in the supporting transport services schedule. While some compilations show a 5/12/18 structure due to shared notes for special FIFA exemptions, the operative general rate is 18% and is not explicitly restructured by the 56th Council.

When issuing invoices under this SAC code, service providers should clearly show the service value, the GST rate and tax amount so that clients can book the expense and claim input tax credit wherever allowed. The same SAC code and rate should be applied consistently in GSTR 1 and GSTR 3B to keep GST records clear and easy to justify during scrutiny or audits.

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Practical Classification Guidance

Transport, logistics and infrastructure businesses should select the SAC code that most closely matches the main support service they provide. Using the correct SAC and applying the 18 percent GST slab with input tax credit, or any concessional treatment where notified, helps avoid disputes and keeps the input tax credit trail clean for both service providers and customers.

Conclusion

Car parking services under SAC 996743 cover managed parking operations in malls, offices, complexes and public places. These services are typically taxed at 18 percent with input tax credit, as they are commercial facility services. Operators and property owners should apply the proper GST rate on parking receipts, keep clear records of collections and follow the same treatment in GST returns. For municipal or government parking projects, it is wise to check any specific GST exemptions or concessions.

Frequently Asked Questions

Clear answers to common queries about SAC Code 996743 and GST compliance.

What is SAC code 996743 in GST for car parking?

SAC 996743 covers parking lot operation and car parking services. It includes management of parking spaces in malls, offices, airports, stations and public areas where users pay parking fees for temporary use of parking slots for vehicles.

Does SAC 996743 cover parking lot management and parking fee services?

Yes. Services such as collecting parking charges, monitoring parked vehicles, issuing tickets and managing parking areas are classified under SAC 996743. It applies whether the operator is a municipal body, private contractor, mall or office that charges users for vehicle parking facilities.

What GST rate applies to car parking services under SAC 996743?

Car parking services are generally taxable at 18% under GST. Operators must charge GST on parking fees collected from users unless a specific exemption is notified for particular types of public parking managed by certain authorities.

Should malls and offices use SAC 996743 for parking charges?

Yes. When malls, offices or commercial complexes collect parking fees from visitors, they should normally classify these charges under SAC 996743. Clear classification helps in correct GST reporting and makes it simpler to avail or pass on input tax credit related to parking operations.

Can businesses claim ITC on GST paid for SAC 996743 services?

Businesses paying parking fees for official vehicles in the course of business can claim ITC where such expenses qualify and are not blocked. Parking operators themselves can claim ITC on eligible expenses like security, equipment and maintenance used for providing taxable parking services.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.