SAC code 997231

Service code in chapter 99 — All Services

SAC code

997231

Services by way of grant of development rights, FSI or additional FSI

Classification

Code type	SAC — Services Accounting Code
Level	Service code (6 digits)
Chapter 99	All Services
Heading 9972	Real estate services
Service code 997231	Services by way of grant of development rights, FSI or additional FSI

Other 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
`997219`	Other real estate services involving owned or leased property
`997221`	Property management services on a fee or commission basis or on contract basis
`997222`	Building sales on a fee or commission basis or on contract basis
`997223`	Land sales on a fee or commission basis or on contract basis
`997224`	Real estate appraisal services on a fee or commission basis or on contract basis
`997229`	Other real estate services on a fee or commission basis or on contract basis

Using SAC 997231 in GST

On GST invoices, a business with annual turnover up to ₹5 crore must show at least the first 4 digits (9972) on B2B invoices, and a business above ₹5 crore must show 6 digits (997231) 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 997231?

SAC code 997231 is the service code for: Services by way of grant of development rights, FSI or additional FSI.

What is the GST rate for SAC 997231?

GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for SAC 997231 before invoicing.

How many digits of SAC 997231 should I write on my invoice?

Up to ₹5 crore turnover: at least 4 digits (9972) on B2B invoices. Above ₹5 crore: 6 digits (997231) on all invoices.