--- title: "M&A Advisory Services | Professional M&A Advisory Solutions" description: "Expert m&a advisory services covering compliant, reliable, and high-quality solutions tailored to your needs. SAC Code 997151." canonical: "https://busy.in/sac-code-997151/" --- # M&A Advisory under SAC Code 997151 Part of [SAC 9971: Financial & related services](https://busy.in/sac-code-9971/). Accident reinsurance services provide cover to insurers who issue personal accident or similar policies to retail and corporate customers. The reinsurer shares the risk of high claims arising from accidents, catastrophic events or large group covers. This helps the primary insurer keep its risk within acceptable limits. Under GST, such accident reinsurance services are classified under SAC 997151. This SAC code and its GST treatment decide how GST is charged on accident reinsurance premiums. ## 997151 SAC Code GST rate Life and non life reinsurance services under these codes are treated as insurance support services under GST. The taxable value is generally the reinsurance premium received by the reinsurer from the primary insurer, net of any amounts that are clearly recorded as statutory levies. After the September 2025 rationalisation, regular taxable insurance and reinsurance premiums that are not covered by a special exemption are generally placed in the 18 % slab with input tax credit for eligible business policyholders. Selected life and health schemes or government notified programmes may continue to enjoy concessional or exempt treatment as per the latest GST notifications. **The table below explains the broad GST treatment for SAC code 997151, showing the standard 18 % slab for taxable premiums and any special cases where notified benefits apply.** | SAC code | Description | New GST rate (from 22 Sep 2025) | Old GST rate (till 21 Sep 2025) | Notes | | --- | --- | --- | --- | --- | | 997151 | Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services | 18% with ITC | 18% with ITC | These auxiliary investment banking services (M&A advisory, corporate finance, VC advisory) remain under 18% with ITC. Earlier concessional or nil rates applied only in very narrow, event-specific cases; the normal rate continues unchanged in GST 2.0. | Insurers, reinsurers and intermediaries using this SAC code should show premium, GST rate in %, GST amount and any other charges separately on documents and invoices. The same SAC and rate should be followed in GSTR 1 and GSTR 3B so that business customers can manage input tax credit properly and GST audits remain smooth. ## Practical classification guidance Insurers, reinsurers and financial institutions should map every product or contract to the most suitable SAC, checking whether the income is a taxable fee or premium or has any special treatment. Choosing the correct SAC and applying the right GST rate in % helps avoid disputes, supports clean input tax credit flow and makes GST returns easier to explain during assessments. ## Conclusion Accident reinsurance services under SAC 997151 help insurers manage large accident and catastrophe risks in personal accident or similar portfolios. Reinsurance premiums are typically taxable at 18 % with input tax credit where permitted. Insurers and reinsurers should document treaty terms clearly, apply the proper GST rate in %, show tax separately and maintain consistent treatment in GST returns to support smooth compliance and reconciliation. ## Frequently asked questions ### What does SAC code 997151 cover in GST? SAC 997151 covers high end financial advisory services such as mergers and acquisitions advice, venture capital advisory and corporate finance consulting. It includes helping clients structure deals, value companies and negotiate transactions for investments or strategic combinations. ### Does SAC 997151 include M&A, corporate finance and venture capital advisory? Yes. Advisory services on buying or selling businesses, raising growth capital, structuring venture investments and similar activities fall under SAC 997151. These services are provided by investment banks, boutiques or consulting firms and are separate from normal accounting or tax compliance work. ### What GST rate applies to M&A advisory services under SAC 997151? M&A and corporate finance advisory fees are usually taxable at 18% under GST. GST is charged on retainers, advisory fees and success based payments billed to the client. The value of the underlying deal or investment is not taxed as part of this advisory service. ### Should success fees on mergers and fund raising use SAC 997151? Yes. When fees are contingent on deal completion, such as a percentage of transaction value, they should still be classified under SAC 997151. Invoices raised on closing should show the taxable amount and GST, and clearly state that the service is M&A or investment advisory. ### Can companies claim ITC on GST paid for SAC 997151 services? Companies using M&A or venture advisory for their taxable business activities can usually claim ITC on GST paid, provided the transactions relate to business objectives. They should ensure proper board approvals, contracts and GST compliant invoices are in place to support the credit claim. ## Explore more ### Other SAC services under 9971 - [997111: Central Banking](https://busy.in/sac-code-997111/) - [997112: Deposit](https://busy.in/sac-code-997112/) - [997113: Credit Granting](https://busy.in/sac-code-997113/) - [997114: Equipment Leasing](https://busy.in/sac-code-997114/) - [997119: Financial](https://busy.in/sac-code-997119/) - [997120: Investment Banking](https://busy.in/sac-code-997120/) - [997131: Pension](https://busy.in/sac-code-997131/) - [997132: Life Insurance](https://busy.in/sac-code-997132/) - [997133: Accident Insurance](https://busy.in/sac-code-997133/) - [997134: Motor Insurance](https://busy.in/sac-code-997134/) - [997135: Transport Insurance](https://busy.in/sac-code-997135/) - [997136: Freight Insurance](https://busy.in/sac-code-997136/) - [997137: Property Insurance](https://busy.in/sac-code-997137/) - [997139: Non Life Insurance](https://busy.in/sac-code-997139/) - [997141: Life Reinsurance](https://busy.in/sac-code-997141/) - [997142: Accident Reinsurance](https://busy.in/sac-code-997142/) - [997143: Motor Reinsurance](https://busy.in/sac-code-997143/) - [997144: Marine Reinsurance](https://busy.in/sac-code-997144/) - [997145: Cargo Insurance](https://busy.in/sac-code-997145/) - [997146: Commercial Property Insurance](https://busy.in/sac-code-997146/) - [997149: Non Life Reinsurance](https://busy.in/sac-code-997149/) - [997152: Stock Brokerage](https://busy.in/sac-code-997152/) - [997153: Portfolio Management](https://busy.in/sac-code-997153/) - [997154: Custody](https://busy.in/sac-code-997154/) - [997155: Financial Market](https://busy.in/sac-code-997155/) - [997156: Financial Consulting](https://busy.in/sac-code-997156/) - [997157: Foreign Exchange](https://busy.in/sac-code-997157/) - [997158: Transaction Processing](https://busy.in/sac-code-997158/) - [997159: Financial Support](https://busy.in/sac-code-997159/) - [997161: Insurance Advisory](https://busy.in/sac-code-997161/) - [997162: Insurance Claim](https://busy.in/sac-code-997162/) - [997163: Actuarial](https://busy.in/sac-code-997163/) - [997164: Pension Fund Management](https://busy.in/sac-code-997164/) - [997169: Insurance Support](https://busy.in/sac-code-997169/) - [997171: Holding Company](https://busy.in/sac-code-997171/) - [997172: Trust Fund Management](https://busy.in/sac-code-997172/) ### All SAC headings - [99: All Services Accounting](https://busy.in/sac-code-99/) - [9954: Services in building & construction](https://busy.in/sac-code-9954/) - [9961: Services in wholesale trade](https://busy.in/sac-code-9961/) - [9962: Services in retail trade](https://busy.in/sac-code-9962/) - [9963: Accommodation, food & beverage services](https://busy.in/sac-code-9963/) - [9964: Passenger transport services](https://busy.in/sac-code-9964/) - [9965: Goods transport services](https://busy.in/sac-code-9965/) - [9966: Rental services of transport vehicles](https://busy.in/sac-code-9966/) - [9967: Supporting services in transport](https://busy.in/sac-code-9967/) - [9968: Postal & courier services](https://busy.in/sac-code-9968/) - [9969: Electricity, gas & water supply services](https://busy.in/sac-code-9969/) - [9971: Financial & related services](https://busy.in/sac-code-9971/) - [9972: Real estate services](https://busy.in/sac-code-9972/) - [9973: Leasing or rental services](https://busy.in/sac-code-9973/) - [9981: Research & development services](https://busy.in/sac-code-9981/) - [9982: Legal & accounting services](https://busy.in/sac-code-9982/) - [9983: Professional, technical & business services](https://busy.in/sac-code-9983/) - [9984: Telecommunications & broadcasting supply services](https://busy.in/sac-code-9984/) - [9985: Support services to business](https://busy.in/sac-code-9985/) - [9986: Support services to agriculture, hunting, forestry & more](https://busy.in/sac-code-9986/) - [9987: Maintenance, repair & installation services](https://busy.in/sac-code-9987/) - [9988: Manufacturing services on physical inputs](https://busy.in/sac-code-9988/) - [9989: Services in publishing, printing & bookbinding](https://busy.in/sac-code-9989/) - [9991: Public administration & other services](https://busy.in/sac-code-9991/) - [9992: Education services](https://busy.in/sac-code-9992/) - [9993: Human health & social care services](https://busy.in/sac-code-9993/) - [9994: Sewage & waste collection](https://busy.in/sac-code-9994/) - [9995: Services of membership organizations](https://busy.in/sac-code-9995/) - [9996: Recreational, cultural & sporting services](https://busy.in/sac-code-9996/) - [9997: Other Services](https://busy.in/sac-code-9997/)