HSN Codes · Chapter 99: Services (SAC)

SAC Code 997159

Other financial services except insurance and pension

Typical GST rate

18%

9% CGST + 9% SGST intra-state

Type

Service

SAC classification

Code level

6-digit

Sub-heading

Reading code 997159

SAC codes are always six digits and always begin with 99 — the services chapter. In 997159, the heading 9971 narrows the service group, and the final digits identify this specific service: other financial services except insurance and pension

All services under GST carry a 6-digit SAC beginning with 99 — construction, transport, IT, professional, financial, and every other service classification.

Related codes in heading 9971

  • 997111 — Central banking services
  • 997112 — Deposit services
  • 997113 — Credit-granting services including stand-by commitment, guarantees and securities
  • 997114 — Financial leasing services
  • 997115 — Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration
  • 997116 — Any transfer of right in goods or of undivided share in goods without the transfer of title thereof
  • 997119 — Other financial services (except investment banking, insurance services and pension services)
  • 997120 — Investment banking services
  • 997131 — pension services
  • 997132 — Life insurance services (excluding reinsurance services)

Frequently asked questions

Goods and services under 997159 typically attract 18% GST. Rates can vary by sub-classification and notifications, so confirm the applicable rate for your specific item.
Businesses with annual aggregate turnover of ₹5 crore or more must report at least 6 digits on e-invoices and e-way bills; below ₹5 crore, 4 digits is the B2B minimum. Exports require 8 digits.
Every line item on a GST tax invoice carries its SAC code alongside the description, quantity, taxable value, and tax breakup. The code also flows into your GSTR-1 HSN summary.

Related tools & guides

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