--- title: "Trust Fund Management Services | Professional Trust Fund Management Solutions" description: "Expert trust fund management services covering compliant, reliable, and high-quality solutions tailored to your needs. SAC Code 997172." canonical: "https://busy.in/sac-code-997172/" --- # Trust Fund Management under SAC Code 997172 Part of [SAC 9971: Financial & related services](https://busy.in/sac-code-9971/). Trust fund management services cover the professional holding and management of securities and assets on behalf of trusts, funds and beneficiaries. Service providers handle securities holding, asset holding, record keeping and reporting so that assets are safeguarded and returns are tracked. Under GST, such trust fund management services are classified under SAC 997172. This SAC code and its GST rate decide how GST is applied on trust management fees and related fund administration charges. ## 997172 SAC Code GST rate Pension fund management, insurance support, holding company and trust fund management services under these SAC codes are treated as financial services under GST. The taxable value usually includes management fees, support charges, advisory retainers and any other consideration collected from clients, while purely reimbursed statutory levies at actuals may be kept outside the value if prescribed 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. Where special notifications or valuation rules apply to pension, insurance or fund management segments, those should be reviewed carefully before finalising the GST treatment on each fee component. **The table below outlines the current GST approach for SAC code 997172, covering the typical 18% slab for trust fund management services and any specified exceptions.** | SAC code | Description | New GST rate (from 22 Sep 2025) | Old GST rate (till 21 Sep 2025) | Notes | | --- | --- | --- | --- | --- | | 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. | Service providers using this SAC code should show service value, GST rate in % and GST amount clearly on tax invoices or statements. The same SAC and rate should be reflected 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. ## Practical classification guidance Pension funds, insurers, holding companies and trust managers should choose the SAC that best reflects their main activity, such as pension fund management, insurance support, holding company oversight or trust fund management. Using the correct SAC and GST rate in % improves transparency, supports proper input tax credit and reduces the chance of classification disputes during GST scrutiny. ## Conclusion Trust fund management services under SAC 997172 cover professional holding and management of assets for trusts and funds. Management and administration fees usually attract 18% GST with input tax credit for eligible registered entities. Service providers should classify this work under SAC 997172, apply the proper GST rate in %, disclose GST separately and reflect the same classification and rate in GST returns. ## Frequently asked questions ### What is SAC code 997172 in GST for trust fund management? This code covers professional services for managing trust funds and similar pooled assets. It includes administration, investment management, accounting, reporting and compliance services given to private trusts, charitable trusts or other funds, usually for a fixed fee or percentage based asset management charge. ### Does SAC 997172 cover professional holding and management of trust assets? Yes. Where a trustee or professional manager holds assets on behalf of beneficiaries and manages those investments, the service is generally classified under SAC 997172. It covers day to day management, following trust deeds, executing investment decisions and maintaining proper books and records for the trust. ### What GST rate applies to trust fund management fees under SAC 997172? Trust fund management and administration fees under SAC 997172 are usually taxed at 18%. GST is levied on the management charge billed to the trust or sponsoring entity. Certain specific charitable or religious trusts may enjoy special exemptions, so one must always check the latest notifications ### Should trustees use SAC 997172 when billing for investment management? Yes. Professional trustees and fund managers who bill for managing trust investments should generally use SAC 997172 on their invoices. This clearly shows that the service is trust or fund management, helping both sides account for GST correctly and identify whether any sector specific exemption applies. ### Can trusts or sponsors claim ITC on GST paid for SAC 997172 services where eligible? Business related or commercial trusts that make taxable supplies may be able to claim ITC on GST paid for SAC 997172 services. Purely charitable or personal family trusts usually cannot claim ITC. Eligibility depends on registration status, nature of outputs and how the trust uses these services. ## 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/) - [997151: M&A Advisory](https://busy.in/sac-code-997151/) - [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/) ### 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/)