Q3SAC Code 9971
Financial and related services
GST rates for services haven't been added to this page yet — the rate depends on the exact service. Use the GST Calculator once you know the rate.
Codes under 9971
| Code | Description |
|---|---|
| 9971 11 | Central banking services |
| 9971 12 | Deposit services |
| 9971 13 | Credit-granting services including stand-by commitment, guarantees and securities |
| 9971 14 | Financial leasing services |
| 9971 15 | Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration. |
| 9971 16 | Any transfer of right in goods or of undivided share in goods without the transfer of title thereof. |
| 9971 19 | Other financial services (except investment banking, insurance services and pension services) |
| 9971 20 | Investment banking services |
| 9971 31 | Pension services |
| 9971 32 | Life insurance services (excluding reinsurance services) |
| 9971 33 | Accident and health insurance services |
| 9971 34 | Motor vehicle insurance services |
| 9971 35 | Marine, aviation, and other transport insurance services |
| 9971 36 | Freight insurance services and travel insurance services |
| 9971 37 | Other property insurance services |
| 9971 38 | Freight insurance services and travel insurance services |
| 9971 39 | Other non-life insurance services (excluding reinsurance services) |
| 9971 41 | Life reinsurance services |
| 9971 42 | Accident and health reinsurance services |
| 9971 43 | Motor vehicle reinsurance services |
| 9971 44 | Marine, aviation and other transport reinsurance services |
| 9971 45 | Freight reinsurance services |
| 9971 46 | Other property reinsurance services |
| 9971 47 | Other property reinsurance services |
| 9971 49 | Other non-life reinsurance services |
| 9971 51 | Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services |
| 9971 52 | Brokerage and related securities and commodities services including commodity exchange services |
| 9971 53 | Portfolio management services except pension funds |
| 9971 54 | Trust and custody services |
| 9971 55 | Services related to the administration of financial markets |
| 9971 56 | Financial consultancy services |
| 9971 57 | Foreign exchange services |
| 9971 58 | Financial transactions processing and clearing house services |
| 9971 59 | Other services auxiliary to financial services |
| 9971 61 | Services auxiliary to insurance and pensions |
| 9971 62 | Insurance claims adjustment services |
| 9971 63 | Actuarial services |
| 9971 64 | Pension fund management services |
| 9971 69 | Other services auxiliary to insurance and pensions |
| 9971 71 | Services of holding equity of subsidiary companies |
| 9971 72 | Services of holding securities and other assets of trusts and funds and similar financial entities |
Frequently Asked Questions
What is the SAC code for financial and related services?
The SAC code for financial and related services is 9971.
What is the GST rate on financial and related services?
GST rates for services under this heading depend on the exact service and who provides it — see the applicable GST notification rather than a single figure here.
How many digits of the SAC code go on a GST invoice?
The same turnover-based rule as HSN applies: businesses above ₹5 crore generally show 6 digits, smaller businesses show 4 digits on B2B invoices. Check the current e-invoicing/HSN notification for the exact threshold that applies to you.
Rates as per Notifications No. 9/2025-Central Tax (Rate), 10/2025-Central Tax (Rate), 13/2025-Central Tax (Rate) and 19/2025-Central Tax (Rate), as amended, as of 7 October 2026. For guidance only — verify with your tax advisor.