SAC Code 997334: Licensing for trademark and franchises
SAC code 997334 classifies licensing for trademark and franchises 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. Licensing for trademark and franchises falls in this bucket. Full ITC available.
Sample Calculation for Licensing for trademark and franchises
- 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 997334
Use SAC code 997334 on every tax invoice for licensing for trademark and franchises. Businesses above ₹5 crore turnover must use the full 6-digit code. E-invoicing requires HSN/SAC on every line item.
FAQs about SAC 997334
What is SAC code 997334?
SAC code 997334 classifies licensing for trademark and franchises under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Licensing for trademark and franchises?
Licensing for trademark and franchises attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Licensing for trademark and franchises exempt from GST?
No. Licensing for trademark and franchises attracts 18% GST on every taxable sale.