It's smart to be familiar with the SAC codes relevant to your business! These codes are essential for GST compliance in India, and knowing the right ones will help you avoid issues and ensure accurate tax filing. Here's a breakdown of some top SAC code that many business owners should know in 2025, categorized for clarity:
General Business Services:
- 998313: This code covers Information Technology (IT) services, a broad category that includes software development, IT consulting, and related services. Vital for tech-driven businesses.
- 997111: Management consulting services. If your business provides advice on strategy, operations, or finances, this is likely relevant.
- 997112: Business consulting services. Similar to the above, but more focused on general business advice and problem-solving.
- 999335: Advertising services. Essential for businesses that engage in advertising and marketing activities.
- 998511: Event management services. If you organize events, conferences, or exhibitions, this code applies.
Specific Industries:
- Construction:
- 995411: General construction services for buildings. Covers residential and commercial construction.
- 995412: Construction services for civil engineering works. Includes roads, bridges, and infrastructure projects.
- Real Estate:
- 997211: Rental or leasing services involving owned or leased residential property.
- 997212: Rental or leasing services involving owned or leased non-residential property.
- 997222: Building sales conducted under a contract or on a fee/commission basis. (For real estate brokers)
- Transportation:
- 996421: Passenger rail transport services.
- 996422: Long-haul passenger road transport services. (Buses, cars, etc.)
- 996425: Scheduled air transport services for passengers.
- Food and Beverage:
- 996311: Restaurant services.
- 996312: Outdoor catering services.
Important Notes:
- This is NOT an exhaustive list. There are hundreds of SAC codes, and the specific ones you need will depend on the exact nature of your business.
- Always verify the latest codes. The GST system can be updated, so it's crucial to check the official GST portal for the most current SAC codes.
- Use the correct codes. Incorrect SAC codes can lead to penalties and compliance issues.
- Consider professional help. If you're unsure about which SAC codes apply to your business, consult with a tax advisor or accountant.
How to Find the Right SAC Code:
- GST Portal: The official GST portal (www.gst.gov.in) has a comprehensive list of SAC codes. You can search by keyword or browse the categories.
- CBIC Website: The Central Board of Indirect Taxes and Customs (CBIC) website also provides information on SAC codes.
By staying informed about the relevant SAC codes for your business, you can ensure accurate GST compliance and avoid potential problems.
