Services Under SAC Code 997171
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Services GST Rate for SAC Code 997171
| Code | Description | Old GST Rate (till 21 Sep 2025) |
New GST Rate (from 22 Sep 2025) |
Notes on change / inclusions |
|---|---|---|---|---|
| 997171 | Services of holding equity of subsidiary companies | 0% without ITC or 18% with ITC | 0% without ITC or 18% with ITC | Case law and specialised commentary indicate that simple passive holding of subsidiary shares for control is not treated as a supply and therefore has no GST. Where a holding company provides additional chargeable services (for example centralised management for a fee), those parts are taxable at 18%. The 56th Council did not change this position; practical treatment remains a mix of non supply and 18% for separately invoiced services. |
Explore Other SAC Codes Under 9971
997111 |
997112 |
997113 |
997114 |
997119 |
997120 |
997131 |
997132 |
997133 |
997134 |
997135 |
997136 |
997137 |
997139 |
997141 |
997142 |
997143 |
997144 |
997145 |
997146 |
997149 |
997151 |
997152 |
997153 |
997154 |
997155 |
997156 |
997157 |
997158 |
997159 |
997161 |
997162 |
997163 |
997164 |
997169 |
997172
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