SAC Codes for Services
Section Number Service Heading Number Group Number SAC Code Service Detail Service Description GST EffectiveDate
Section 7 Financial and related services; real estate services; and rental and leasing services 9971 99717 997171 Services of holding financial assets Services of holding equity of subsidiary companies 18 28-06-2017

SAC Code 997171 is used for the Services of holding financial assets under Services Accounting Codes (SAC Codes) for Goods and Service Tax classification. This service comes under Services of holding equity of subsidiary companies , 7 - Financial and related services; real estate services; and rental and leasing services . Heading number of this service is 9971 and the group number is 99717 . These codes are mandatory mapping or classification of services that need to be used by a taxpayer.
SAC (Services Accounting Code) are used for the identification of the service.SAC indicates specific code tends to reduce the possibility of misinterpretation. SAC in respect of the supply of services while HSN code in respect of the supply of goods. There will be no need for entering the description of the goods or services while filing GST returns online.