SAC code 997116
Service code in chapter 99 — All Services
Any transfer of right in goods or of undivided share in goods without the transfer of title thereof
Classification
| Code type | SAC — Services Accounting Code |
|---|---|
| Level | Service code (6 digits) |
| Chapter 99 | All Services |
| Heading 9971 | Financial and related services |
| Service code 997116 | Any transfer of right in goods or of undivided share in goods without the transfer of title thereof |
Other codes under 9971
Using SAC 997116 in GST
On GST invoices, a business with annual turnover up to ₹5 crore must show at least the first 4 digits (9971) on B2B invoices, and a business above ₹5 crore must show 6 digits (997116) on all invoices. The full 8-digit code is used for imports and exports.
The GST rate depends on the exact goods or service and any conditions in the rate notification, so it is not listed here. Check the official CBIC GST rate finder, then work out the tax with the GST calculator or make a bill with the GST invoice generator.
Frequently asked questions
What is SAC code 997116?
SAC code 997116 is the service code for: Any transfer of right in goods or of undivided share in goods without the transfer of title thereof.
What is the GST rate for SAC 997116?
GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for SAC 997116 before invoicing.
How many digits of SAC 997116 should I write on my invoice?
Up to ₹5 crore turnover: at least 4 digits (9971) on B2B invoices. Above ₹5 crore: 6 digits (997116) on all invoices.