Rate at a Glance
SAC heading 9972
GST rate guide
Real estate services such as brokerage are generally taxed at 18%. Renting of a residential dwelling for use as a residence is exempt, while commercial property rent is taxed at 18%.
Use this rate in hisabkitab: start free
Rates reflect GST changes effective 22 September 2025. Confirm the rate for your exact product description before filing.
All 9 SAC codes under 9972
| SAC code | Description |
|---|---|
| 997211 | Rental or leasing services involving own or leased residential property |
| 997212 | Rental or leasing services involving own or leased non-residential property |
| 997213 | Trade services of buildings |
| 997214 | Trade services of time-share properties |
| 997215 | Trade services of vacant and subdivided land |
| 997221 | Property management services on a fee/commission basis or contract basis |
| 997222 | Building sales on a fee/commission basis or contract basis |
| 997223 | Land sales on a fee/commission basis or contract basis |
| 997224 | Real estate appraisal services on a fee/commission basis or contract basis |
3 Simple Steps
How It Works
Versatile Accounting and Billing Software for Every Sector
FAQs
What is an HSN code?
What is the difference between HSN and SAC codes?
How many digits of the HSN code must I show on invoices?
Where can I confirm the exact GST rate for my product?
Does hisabkitab apply HSN codes and GST rates automatically?
Which hisabkitab plans include GST reports?
