Maintenance and repair services of transport machinery and equipment Under SAC Code 998714

SAC Code 998714 is used to classify Maintenance and repair services of transport machinery and equipment under GST. It helps businesses apply the right tax rate, maintain clean invoices, and improve compliance during GST return filing.

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998714 SAC Code GST Rate

Review old and new GST rates for Maintenance and repair services of transport machinery and equipment under 998714 SAC Code.

SAC Code

998714

Description

Maintenance and repair services of transport machinery and equipment

New Rate

18% with ITC

Old Rate

18% with ITC

Notes

5% with input tax credit when the service is maintenance, repair or overhaul of aircraft or ships, including their engines and parts. Repair of other transport equipment is taxed at 18%. Source: Notification 11/2017-Central Tax (Rate), S. No. 25(ia) and 25(ib), inserted by 02/2020 and 02/2021.

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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.