Services Under SAC Code 998232
Personal tax planning services help individuals manage their income tax through proper planning, documentation and timely filing. Consultants guide on salary, business income, capital gains and deductions and assist with e filing of income tax returns. Salaried individuals and small business owners often seek such support during the tax season. Under GST, these personal tax planning services are classified under SAC 998232. This SAC code and its GST rate decide how GST is charged on personal tax advisory and filing fees.
Services GST Rate for SAC Code 998232
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 998232, indicating the usual 18% slab for taxable tax consulting services and any notified exceptions.
| Code | Description | Old GST Rate (till 21 Sep 2025) |
New GST Rate (from 22 Sep 2025) |
Notes on change / inclusions |
|---|---|---|---|---|
| 998232 | Individual tax preparation and planning services | 18% with ITC | 18% with ITC | Same treatment as corporate tax consultancy. Multiple FAQs on SAC 9982 show 18% for 998232 and confirm it as a standard professional service. |
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.
Explore Other SAC Codes Under 9982
These SAC codes fall under the legal and accounting services group 9982, which covers legal advisory, court representation, tax consulting, financial auditing, accounting, payroll and wider business support services. Each six digit SAC within this group points to a specific type of professional service for GST classification.
Below are the major related six-digit SAC codes under parent 9982.
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
Personal tax planning services under SAC 998232 include tax advice, computation of taxable income and preparation and filing of income tax returns for individuals. These services are generally taxed at 18% under GST with input tax credit available to eligible registered recipients, such as firms paying on behalf of partners. Tax practitioners should use SAC 998232 on invoices, apply the correct GST rate in %, and keep consistent treatment in GST returns so that clients can handle compliance without difficulty.
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.