SAC Code 997215: Real estate brokerage services
SAC code 997215 classifies real estate brokerage services 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. Real estate brokerage services falls in this bucket. Full ITC available.
Sample Calculation for Real estate brokerage services
- 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 997215
Use SAC code 997215 on every tax invoice for real estate brokerage services. Businesses above ₹5 crore turnover must use the full 6-digit code. E-invoicing requires HSN/SAC on every line item.
FAQs about SAC 997215
What is SAC code 997215?
SAC code 997215 classifies real estate brokerage services under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Real estate brokerage services?
Real estate brokerage services attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Real estate brokerage services exempt from GST?
No. Real estate brokerage services attracts 18% GST on every taxable sale.