Services Under SAC Code 997172
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Services GST Rate for SAC Code 997172
| Code | Description | Old GST Rate (till 21 Sep 2025) |
New GST Rate (from 22 Sep 2025) |
Notes on change / inclusions |
|---|---|---|---|---|
| 997172 | Services of holding securities and other assets of trusts and funds and similar financial entities | 0% without ITC or 18% with ITC | 0% without ITC or 18% with ITC | Many HSN tools show a Nil rate for this code while broader SAC lists treat it under the standard 18% slab. In practice, passive holding of assets in a trust structure can be out of scope, while any separate fee based asset management or administration is taxable at 18%. There is no specific change for this SAC in the September 2025 rationalisation; the split between non supply and 18% services continues. |
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997139 |
997141 |
997142 |
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997149 |
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997162 |
997163 |
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997169 |
997171
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