Corporate Tax Consulting Under SAC Code 998231

Corporate tax consulting services focus on tax planning, transaction structuring and return filing for companies and larger business entities. Professionals advise on corporate tax provisions, help compute taxable income, prepare returns and handle departmental queries. Many businesses rely on such experts to balance tax savings with full compliance. Under GST, corporate tax consulting services are classified under SAC 998231. This SAC code and its GST rate decide how GST applies on corporate tax advisory and filing fees.

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998231 SAC Code GST Rate

Review old and new GST rates for Corporate Tax Consulting under 998231 SAC Code.

Corporate and personal tax consulting services under these SAC codes are treated as professional tax advisory services under GST. The taxable value normally covers consultation fees, return filing charges and retainer amounts, excluding any income tax, penalty or other direct tax payments that are deposited on behalf of clients and recovered at actuals.

Post the September 2025 rationalisation, most taxable tax consulting and return filing services generally fall in the 18% GST slab with input tax credit for eligible registered clients. Certain services to specific categories of taxpayers may be governed by special conditions or reverse charge as per updated GST notifications, so these rules should be checked before raising invoices.

The table below explains the prevailing GST treatment for SAC code 998231, indicating the usual 18% slab for taxable tax consulting services and any notified exceptions.

SAC Code

998231

Description

Corporate tax consulting and preparation services

New Rate

18 %
Standard

Old Rate

18 %

Notes

Tax consultancy entries for 998231 are uniformly 18%. Chartered-accountant impact articles also treat all tax consultancy under the residual 18% services entry.

Tax consultants and CA firms using this SAC code should show professional fees, GST rate in % and GST amount clearly on invoices and engagement notes. The same SAC and rate should be mirrored in GSTR 1 and GSTR 3B so that business and individual clients can support their input tax credit and compliance during any GST review.

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Practical Classification Guidance

Law firms, CA firms and business service providers should select the SAC that best describes their main engagement, such as accounting services, payroll services, business support services or corporate and personal tax consulting. Correct SAC selection and GST rate application in % make it easier for clients to book expenses, claim input tax credit where allowed and handle GST queries or audits confidently.

Conclusion

Corporate tax consulting services under SAC 998231 focus on tax planning, transaction structuring and return filing for companies and larger businesses. Professional fees for such services are usually taxable at 18% with input tax credit for eligible corporate clients. Consultants should quote SAC 998231 on invoices, apply the appropriate GST rate in %, present tax amounts transparently and follow the same classification in GST returns.

Frequently Asked Questions

Clear answers to common queries about SAC Code 998231 and GST compliance.

What does SAC code 998231 cover in GST?

SAC 998231 covers corporate tax consulting, planning and compliance services. It includes advisory on direct and indirect taxes, reviewing tax positions, designing tax efficient structures, helping with return filings, assessments and appeals for companies and business entities, usually provided by chartered accountants or tax consultants.

Does SAC 998231 include corporate tax planning and compliance consulting?

Yes. Services like tax impact analysis, transaction structuring advice, long term tax planning, review of tax computations, assistance in preparing returns and support during scrutiny or appeals are generally classified under SAC 998231 for corporate clients. The focus is on business taxes rather than individual or personal taxation.

What is the GST rate on tax consulting services under SAC 998231?

Corporate tax consulting services under SAC 998231 are normally taxed at 18%. GST is charged on professional fees, retainers and success fees where applicable. Since tax advice is a professional service, providers must ensure proper invoicing with SAC code and clients should track such expenses for ITC purposes.

Should return filing and tax strategy advisory use SAC 998231?

Yes. When work relates to corporate tax strategy, transaction planning or preparation and filing of company tax returns, invoices should usually mention SAC 998231. Routine bookkeeping or payroll services would instead fall under other SAC codes. Using clear descriptions on invoices helps avoid misunderstanding during GST audits.

Can companies claim ITC on services billed under SAC 998231?

Companies can typically claim ITC on GST paid for SAC 998231 services, as tax advisory directly supports compliance and planning for their taxable operations. If consulting only relates to exempt income or non business matters, ITC may not be available. Proper documentation of engagement scope is important for credit claims.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.