Services Under SAC Code 997157

Portfolio, custody, financial market, consulting and foreign exchange related services under these SAC codes are treated as financial services under GST. The taxable value normally includes service fees, brokerage, management charges, advisory retainers and other consideration received from clients, while pure statutory levies collected at actuals for exchanges or regulators are kept outside the value if conditions are met.

After the September 2025 rationalisation, most taxable financial service components that are not specifically exempt are generally placed in the 18% slab with input tax credit for eligible registered clients. Certain capital market and forex transactions may be guided by special valuation rules or notifications, so these should be reviewed carefully before freezing the GST position.

The table below outlines the prevailing GST treatment for SAC code 997157, showing the common 18% slab for foreign exchange services and any special rules notified for certain forex transactions.

Service providers using this SAC code should clearly show service value, GST rate in % and GST amount on tax invoices or statements. The same SAC and rate should be followed in GSTR 1 and GSTR 3B so that clients can book expenses correctly, claim input tax credit where eligible and remain comfortable during GST assessments.

Foreign exchange services under SAC 997157 deal with currency exchange and related forex support for travel, trade and investment. Service margins and fees for these activities are generally taxed at 18% with input tax credit for eligible registered clients, subject to forex specific valuation rules. Service providers should use SAC 997157 on invoices, apply the proper GST rate in %, show GST amounts clearly and ensure that GSTR 1 and GSTR 3B reflect the same position.