SAC Code 998221: Accounting and bookkeeping services
SAC code 998221 classifies accounting and bookkeeping 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. Accounting and bookkeeping services falls in this bucket. Full ITC available.
Sample Calculation for Accounting and bookkeeping 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 998221
Use SAC code 998221 on every tax invoice for accounting and bookkeeping 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 998221
What is SAC code 998221?
SAC code 998221 classifies accounting and bookkeeping services under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Accounting and bookkeeping services?
Accounting and bookkeeping services attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Accounting and bookkeeping services exempt from GST?
No. Accounting and bookkeeping services attracts 18% GST on every taxable sale.