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SAC Code 9971 — Financial and related services (banking, NBFC)

18%
Services · SAC
Financial and related services (banking, NBFC)
GST rate for sac code 9971

GST rate explained

This attracts 18% GST — the most common slab covering the majority of goods and services. For intra-state supply this is charged as CGST 9% + SGST 9%; for inter-state supply as IGST 18%.

Calculate the exact GST amount on your invoice value with the free GST Calculator, or verify a supplier's GSTIN with the GST Health Check.

How many digits of SAC Code on the invoice?

Your turnoverDigits required on B2B invoice
Up to ₹5 crore4-digit SAC Code
Above ₹5 crore6-digit SAC Code
Exports / imports8-digit SAC Code

Wrong or missing SAC Code can mean a wrong GST rate, GSTR-1 mismatches and a penalty up to ₹50,000 (₹25,000 CGST + ₹25,000 SGST) under section 125.

Related SAC codes

9964 · Passenger transportation services · 5%9965 · Goods transportation services · 5%9966 · Rental services of transport veh… · 18%9972 · Real estate services (renting/le… · 18%9973 · Leasing or rental services witho… · 18%9983 · Other professional, technical & … · 18%

Browse all HSN/SAC codes with GST rates → · Search by product name →

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Indicative chapter-level rate as per current GST notifications; exact rate can vary by sub-heading and exemptions. Verify before filing. Updated 2026-06-11.