Oil And Gas Under SAC Code 998621

SAC Code 998621 is used to classify Support services to oil and gas extraction under GST. It helps businesses apply the right tax rate, maintain clean invoices, and improve compliance during GST return filing.

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998621 SAC Code GST Rate

Review old and new GST rates for Oil And Gas under 998621 SAC Code.

SAC Code

998621

Description

Support services to oil and gas extraction

New Rate

18 %
Standard

Old Rate

12 %

Notes

Earlier notifications reduced GST on support services to exploration, mining or drilling of petroleum crude and natural gas to 12% to ease tax cost. Recent commentary and the GST Council decisions for Sept 2025 move such oil and gas exploration services firmly into the 18% slab to align with the new 5% / 18% / 40% structure. Event linked nil entries remain niche and have not been treated as typical in this sheet.

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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.