Timeshare Property Services Under SAC Code 997214

Timeshare property services deal with selling and administering shared ownership or time based usage rights in vacation and holiday properties. Service providers handle timeshare sales, member enrolment and ongoing contract administration so that each member can use the property for agreed periods. Under GST, such timeshare property services are classified under SAC 997214. This SAC code and its GST rate decide how GST is charged on timeshare sales, maintenance fees and related property service charges.

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Timeshare Property Services GST Rate for SAC Code 997214

Real estate leasing and property transaction services under these SAC codes are treated as real estate related services under GST. The taxable value usually includes rent for taxable properties, service fees, brokerage, facility charges and other consideration received from tenants, buyers or sellers, while pure security deposits and government taxes collected at actuals may be kept outside the value where conditions are met.

After the September 2025 revision, most commercial rental and property service components that are not specifically exempt are generally placed in the 18% slab with input tax credit for eligible registered business tenants and clients. At the same time, certain residential rentals used for personal living and specific land related transactions may enjoy exemption subject to conditions, so these must be checked carefully before finalising GST treatment.

The table below outlines the GST treatment for SAC code 997214, covering the typical 18% slab for timeshare property services and any special schemes that may apply to long term holiday products.

Code Description Old GST Rate
(till 21 Sep 2025)		 New GST Rate
(from 22 Sep 2025)		 Notes on change / inclusions
997214 Trade services of timeshare properties 18% with ITC 18% with ITC Intermediation or trade services for timeshare units follow the general real estate fee or commission pattern at 18%. Recent real estate GST summaries retain this rate without any mention of rationalisation for this SAC.

Landlords, brokers and real estate service providers using these SAC codes should align their invoicing, GST rate in % and tax calculation with the latest notifications and clearly indicate whether a transaction is taxable or exempt. This helps business tenants and property clients understand GST impact and maintain proper records for their own GST returns.

Explore Other SAC Codes Under 9972

These SAC codes fall under the real estate services group 9972, which covers leasing, rental, sale related services and other support activities involving land and buildings. Each six digit SAC within this group identifies a particular type of real estate service for GST classification and reporting.

Below are the major related six-digit SAC codes under parent 9972.

997211 | 997212 | 997213 | 997215 | 997221 | 997222 | 997223 | 997224

Property owners, agents and consultants should choose the SAC that best matches their main activity, whether it is residential property rental, commercial leasing, building sale services, timeshare property services or vacant land sales. Using the correct SAC and GST rate in % makes billing more transparent and reduces the risk of disputes during GST scrutiny.

Conclusion

Timeshare property services under SAC 997214 deal with shared ownership and time based usage rights for holiday properties. Sales and management service components are commonly taxed at 18% with input tax credit for eligible registered entities, subject to scheme specific rules. Businesses should mark such services under SAC 997214, apply the proper GST rate in % and clearly communicate tax impact to members.

Important Disclaimer

The entire content on this page has been arranged to the best of the author's understanding and is subject to periodic updates as per the law for the time being in force. The above does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions cannot be ruled out. BUSY Infotech Private Ltd. and its associates will not be held responsible for any loss or damage arising from any inaccurate or incomplete information in this document. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

Frequently Asked Questions

  • What is SAC code 997214 in GST for timeshare property services?

    This code relates to services connected with timeshare properties and vacation ownership rights. It covers managing timeshare schemes, selling memberships, allocating holiday weeks and handling member services. The income is usually in the form of membership fees, maintenance charges or usage fees paid by members.

  • Does SAC 997214 cover trading and management of vacation timeshare rights?

    Yes. Selling, transferring, or managing rights to use holiday properties during specified periods generally falls under SAC 997214. This includes maintaining booking systems, customer service, allocation of rooms or weeks and other support that makes the timeshare product workable for individual members or families.

  • What GST rate applies to timeshare membership fees under SAC 997214?

    Membership and maintenance fees under SAC 997214 are usually taxable at 18%, unless a specific concession applies. GST is charged on the service value, not on ownership of the underlying property itself. Exact treatment may depend on how the scheme is structured and current tax notifications.

  • Are annual maintenance charges for timeshares billed using SAC 997214?

    Yes. Annual maintenance charges collected from members for upkeep, administration and management of the timeshare scheme are generally invoiced under SAC 997214. These charges are treated as consideration for services provided to members and are subject to GST at the applicable rate, subject to rule based exceptions.

  • Can timeshare operators claim ITC on GST paid for SAC 997214 services?

    Timeshare operators can usually claim ITC on eligible inputs like maintenance, marketing, and administrative services used for running their taxable timeshare business. They must be registered, maintain proper records and ensure that credits are not blocked under any specific GST restriction related to immovable property construction for own use.

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