Personal Tax Planning 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.

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998232 SAC Code GST Rate

Review old and new GST rates for Personal Tax Planning under 998232 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 998232, indicating the usual 18% slab for taxable tax consulting services and any notified exceptions.

SAC Code

998232

Description

Individual tax preparation and planning services

New Rate

18 %
Standard

Old Rate

18 %

Notes

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.

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Explore More SAC Codes Under 9982

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

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.

Frequently Asked Questions

Clear answers to common queries about SAC Code 998232 and GST compliance.

What is SAC code 998232 in GST for personal tax planning services?

SAC 998232 covers income tax filing, advisory and planning services for individuals, professionals and small business owners. It includes preparing and filing returns, estimating tax liability, advising on savings options and responding to basic notices. These services are given by tax practitioners, CAs or consultants.

Does SAC 998232 cover income tax filing and advisory for individuals?

Yes. When professionals help individuals file their income tax returns, plan savings, understand deductions or respond to department queries, such work is generally classified under SAC 998232. It focuses on personal tax rather than corporate tax and may involve both online and offline support throughout the year.

What GST rate applies to services under SAC 998232?

Personal tax planning services under SAC 998232 are generally taxed at 18%. However, there can be small practitioner thresholds and other special conditions in GST law. Service providers should check whether they must register and charge GST. Clients should note that personal tax services often do not generate ITC.

Should salaried and freelance taxpayers both use SAC 998232 invoices?

Yes. Whether the client is salaried, a freelancer or a small proprietor filing individual returns, invoices for their personal tax planning or filing support are usually issued under SAC 998232. If the same consultant advises the client’s company, that corporate work would be billed under a different SAC code.

Can clients claim ITC on personal tax planning services billed under SAC 998232?

Generally, ITC is not available on GST paid for purely personal tax services, as these are not used in making business supplies. Where a proprietor’s tax advisory clearly relates to business income, a careful view may be needed. Most salaried individuals treat such costs as personal and non creditable.

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.