SAC Code 997212: Renting of immovable property (commercial)
SAC code 997212 classifies renting of immovable property (commercial) under India's GST system. GST rate: 18%.
GST Rate Breakdown
- GST Rate: 18%
- CGST + SGST (intra-state): 9% + 9%
- IGST (inter-state): 18%
Rate reflects the GST 2.0 structure effective 22 September 2025 (slabs 0%, 5%, 18%, 40%). Some items vary by price or type, so confirm the current rate on the official GST portal before invoicing.
18% is India's standard GST rate applying to the majority of goods and services
18% is India's standard GST rate applying to the majority of goods and services. Renting of immovable property (commercial) falls in this bucket. Full ITC available.
Sample Calculation for Renting of immovable property (commercial)
- Taxable value: ₹10,000
- GST (18%): ₹1,800
- Intra-state: ₹900 CGST + ₹900 SGST
- Inter-state: ₹1,800 IGST
- Total: ₹11,800
When to Use SAC Code 997212
Use SAC code 997212 on every tax invoice for renting of immovable property (commercial). Businesses above ₹5 crore turnover must use the full 6-digit code. E-invoicing requires HSN/SAC on every line item.
FAQs about SAC 997212
What is SAC code 997212?
SAC code 997212 classifies renting of immovable property (commercial) under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Renting of immovable property (commercial)?
Renting of immovable property (commercial) attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Renting of immovable property (commercial) exempt from GST?
No. Renting of immovable property (commercial) attracts 18% GST on every taxable sale.