SAC Code 998223: Tax consultancy and preparation services
SAC code 998223 classifies tax consultancy and preparation 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. Tax consultancy and preparation services falls in this bucket. Full ITC available.
Sample Calculation for Tax consultancy and preparation 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 998223
Use SAC code 998223 on every tax invoice for tax consultancy and preparation 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 998223
What is SAC code 998223?
SAC code 998223 classifies tax consultancy and preparation services under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Tax consultancy and preparation services?
Tax consultancy and preparation services attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Tax consultancy and preparation services exempt from GST?
No. Tax consultancy and preparation services attracts 18% GST on every taxable sale.