--- title: "Intellectual Property Rights Services | Professional Intellectual Property Rights Solutions" description: "Expert intellectual property rights services covering compliant, reliable, and high-quality solutions tailored to your needs. SAC Code 997339." canonical: "https://busy.in/sac-code-997339/" --- # Intellectual Property Rights under SAC Code 997339 Part of [SAC 9973: Leasing or rental services](https://busy.in/sac-code-9973/). Intellectual Property Licensing services allow businesses to use specialised resources or knowledge without owning them fully. In day to day work, clients pay a fee or royalty so that they can access these rights or research outputs for their own projects, products or operations. SAC 997339 is used when the main service is licensing services for the right to use other intellectual property products and other resources not elsewhere classified. In simple terms, this code applies where the core agreement is about giving permission or carrying out focused research instead of selling physical goods. In real life, these services are common in areas like other intellectual property products, content and data licensing. Using the correct SAC 997339 under GST helps both service providers and clients keep invoices clear and GST treatment consistent. ## 997339 SAC Code GST rate From a GST point of view, intellectual property licensing fees are treated as supply of services. The taxable value usually includes upfront licence fees, recurring royalties, minimum guarantee amounts, renewal charges and any related service or support fees that form part of the same agreement. After the September 2025 GST revision, most licensing and research based professional services that do not have any special notification continue to fall under the standard 18% slab. Registered business recipients can generally claim input tax credit when these services are used for making taxable supplies, subject to normal ITC conditions. **The table below summarises the latest standard GST rate for SAC code 997339.** | SAC code | Description | New GST rate (from 22 Sep 2025) | Old GST rate (till 21 Sep 2025) | Notes | | --- | --- | --- | --- | --- | | 997339 | Licensing services for the right to use other intellectual property products and other resources n.e.c | 18% with ITC | 12% with ITC or 18% with ITC | Residual intellectual-property licensing under 997339 is now typically shown at 18% GST with ITC. Older tables mentioning 12% plus narrow nil exemptions are effectively rationalised by shifting the 12% portion into the standard 18% services slab. | In practice, service providers who offer intellectual property licensing should apply 18% GST on the taxable value, quote SAC 997339 on tax invoices and keep the same classification in their GST records so that billing and input tax credit remain simple to review. ## Practical classification guidance When selecting a code from the 9973 family, businesses should choose the SAC that best describes the central activity, whether it is intellectual property licensing or some other related service in the same group. Correct use of the six digit SAC and GST rate in % helps avoid disputes, keeps pricing transparent and makes input tax credit planning easier for both sides. ## Conclusion SAC 997339 is meant for intellectual property licensing where clearly defined rights or research work are supplied in return for a fee or royalty. These services are generally taxed at 18% under GST, with ITC normally available to eligible registered recipients when they use the service for taxable business activities. By classifying bills under SAC 997339 and applying the correct GST rate in %, businesses can keep their contracts, invoices and GST compliance neat and easy to support during reviews or audits. ## Frequently asked questions ### What does SAC code 997339 cover in GST? SAC 997339 covers project management and project management consultancy (PMC) services for construction and infrastructure projects. It includes planning, coordination, monitoring and control of project schedule, cost, quality and safety on behalf of owners, from pre construction to completion and handover phases. ### Does SAC 997339 include end to end project management and PMC services for construction projects? Yes. When a PMC firm handles planning, tender support, contractor coordination, site supervision, progress review and quality reporting for a project, the service is normally classified under SAC 997339. The PMC does not usually perform actual construction but manages multiple contractors and consultants on behalf of the client. ### What GST rate applies to PMC fees under SAC 997339? PMC and project management services under SAC 997339 are generally taxed at 18%. GST is charged on retainers, milestone based fees and success linked payments. For government or public projects, parties should verify whether any special tax treatment or exemptions apply based on recent GST notifications or schemes. ### Should builders and infrastructure companies bill their PMC work using SAC 997339? Yes. Developers, engineering firms or independent PMCs offering dedicated project management services should mention SAC 997339 on their invoices. This separates PMC work from design, construction, supply or O&M contracts. Clear classification helps in GST reporting, tender documentation and in applying the correct tax treatment to each contract. ### Can developers claim ITC on GST paid for SAC 997339 services? Developers and project owners can usually claim ITC on GST paid for SAC 997339 when the project leads to taxable supplies, such as sale of commercial units or taxable works contracts. For projects linked to exempt supplies or personal use, ITC is restricted. Proper documentation is essential for compliance. ## Explore more ### Other SAC services under 9973 - [997311: Transport Equipment Rental](https://busy.in/sac-code-997311/) - [997312: Agricultural Machinery Rental](https://busy.in/sac-code-997312/) - [997313: Construction Equipment Rental](https://busy.in/sac-code-997313/) - [997314: Office Equipment Rental](https://busy.in/sac-code-997314/) - [997315: Computer Rental](https://busy.in/sac-code-997315/) - [997316: Telecom Equipment Rental](https://busy.in/sac-code-997316/) - [997319: Machinery Rental](https://busy.in/sac-code-997319/) - [997321: Projector Rental](https://busy.in/sac-code-997321/) - [997322: DVD Rental](https://busy.in/sac-code-997322/) - [997323: Furniture Rental](https://busy.in/sac-code-997323/) - [997324: Sports Equipment Rental](https://busy.in/sac-code-997324/) - [997325: Linen Rental Service](https://busy.in/sac-code-997325/) - [997326: Clothing Rental](https://busy.in/sac-code-997326/) - [997327: Tool Rental](https://busy.in/sac-code-997327/) - [997329: Equipment Rental](https://busy.in/sac-code-997329/) - [997331: Software Licensing](https://busy.in/sac-code-997331/) - [997332: Broadcasting Rights](https://busy.in/sac-code-997332/) - [997333: Image Licensing](https://busy.in/sac-code-997333/) - [997334: Publishing License](https://busy.in/sac-code-997334/) - [997335: Technology License](https://busy.in/sac-code-997335/) - [997336: Trademark Licensing](https://busy.in/sac-code-997336/) - [997337: Mining Exploration License](https://busy.in/sac-code-997337/) - [997338: Spectrum Licensing](https://busy.in/sac-code-997338/) ### 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/)