--- title: "Property Management Services | Professional Property Management Solutions" description: "Expert property management services covering compliant, reliable, and high-quality solutions tailored to your needs. SAC Code 997221." canonical: "https://busy.in/sac-code-997221/" --- # Property Management under SAC Code 997221 Part of [SAC 9972: Real estate services](https://busy.in/sac-code-9972/). Property management services cover day to day care of rental buildings, flats and small commercial units. This includes rental property management, tenant coordination, rent collection and real estate maintenance so that owners do not have to handle every issue themselves. Under GST, such property management services are classified under SAC 997221. This SAC code and its GST rate decide how GST is charged on property management fees and maintenance service charges raised on owners or housing societies. ## 997221 SAC Code GST rate Real estate management, brokerage, commission and appraisal services under these SAC codes fall in the real estate services category for GST. The taxable value generally covers management fees, brokerage, commission, valuation charges and other service consideration received from owners, tenants or buyers, while refundable security deposits and pure government duties collected at actuals may be kept outside the value if conditions are satisfied. After the September 2025 GST rate revision, most taxable real estate service components that are not specifically exempt are usually placed in the 18% slab with input tax credit for eligible registered business clients. At the same time, transfer of completed buildings or land itself can be outside GST, so the service part and the property transfer must be evaluated separately for each transaction. **The table below summarises the current GST position for SAC code 997221, highlighting the standard 18% slab for taxable property management services and any notified exceptions.** | SAC code | Description | New GST rate (from 22 Sep 2025) | Old GST rate (till 21 Sep 2025) | Notes | | --- | --- | --- | --- | --- | | 997221 | Property management services on a fee/commission basis or contract basis | 18% with ITC | 18% with ITC | Property management on a fee or commission basis (rent collection, maintenance coordination etc) is treated as a taxable service at 18% in current SAC rate tools and explanatory articles. No change or concessional slab is announced for this category. | Real estate service providers using these SAC codes should clearly show service value, GST rate in % and GST amount on their tax invoices. This helps clients understand the tax impact, claim input tax credit wherever they are eligible and keep their own GST records accurate for future scrutiny. ## Practical classification guidance Property managers, brokers and valuers should choose the SAC that best matches their main work, such as property management, building sales assistance, land sale commission or real estate appraisal. Selecting the correct SAC and GST rate in % makes billing more transparent and reduces the chance of disputes during GST reviews. ## Conclusion Property management services under SAC 997221 cover daily operations, tenant handling and upkeep of rental properties. Management and maintenance fees for such services are normally taxed at 18% with input tax credit for registered business clients who use the property for taxable supplies. Service providers should classify these activities under SAC 997221, apply the correct GST rate in % and keep their agreements and invoices aligned with this position. ## Frequently asked questions ### What is SAC code 997221 in GST for property management? SAC 997221 covers property management services for residential or commercial properties. It includes rent collection, maintenance coordination, tenant communication, facility management and other day to day administration of buildings or housing complexes, usually provided by property managers, facility managers or specialised service companies. ### Does SAC 997221 cover rental property management, maintenance and tenant services? Yes. Activities like managing tenants, handling complaints, arranging repairs, overseeing housekeeping, collecting association charges and preparing property reports fall under SAC 997221. The property manager may act for individual owners, societies or commercial building owners and charges a management fee for these services. ### What GST rate applies to property management fees under SAC 997221? Property management services under SAC 997221 are commonly taxed at 18%. GST is charged on the management or service fee billed to the owner, association or society. If the service provider is below threshold and not registered, GST may not apply, but clients then cannot claim ITC. ### Should housing societies or facility managers use SAC 997221 on invoices? Professional facility management companies and property managers should use SAC 997221 on invoices for their management services. Housing societies themselves may act as non profit associations; their GST treatment depends on membership charges, limits and specific exemptions available for resident welfare associations under current rules. ### Can owners claim ITC on GST paid for SAC 997221 when property is used for business? Business owners who use managed properties for taxable activities, such as offices or shops, can generally claim ITC on GST charged for property management services. Residential owners using flats for personal use cannot claim ITC. The key test is whether the property supports taxable business operations. ## Explore more ### Other SAC services under 9972 - [997211: Residential Property Rental](https://busy.in/sac-code-997211/) - [997212: Non Residential Property](https://busy.in/sac-code-997212/) - [997213: Commercial Building Sales](https://busy.in/sac-code-997213/) - [997214: Timeshare Property](https://busy.in/sac-code-997214/) - [997215: Vacant Land Sales](https://busy.in/sac-code-997215/) - [997222: Building Sales](https://busy.in/sac-code-997222/) - [997223: Land Sale Commission](https://busy.in/sac-code-997223/) - [997224: Real Estate Appraisal](https://busy.in/sac-code-997224/) ### 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/)