SAC Code
999132
Description
Administrative services related to government employee pension schemes; old-age disability or survivors’ benefit schemes, other than for government employees
New Rate
Old Rate
Notes
Exempt when a Government or local authority provides it to the public, to another Government body, or to a business with turnover up to Rs 20 lakh or for Rs 5,000 or less. When supplied to other business entities it is taxed at 18%, paid by the business under reverse charge. Source: Notification 12/2017-Central Tax (Rate), S. No. 6 to 9; Notification 11/2017-Central Tax (Rate), S. No. 29.