What services fall under SAC group 9971 (Financial and related services)?

SAC group 9971 covers financial and related services under the Services Accounting Code classification. Every service supplied under GST in this group is identified by a 6-digit SAC code that starts with "9971".

Is SAC mandatory on every GST invoice for services?

Yes. Every GST invoice for a service supply must quote the correct 6-digit SAC code in addition to the SAC description. The first two digits identify the service family, the next two narrow the sub-family, and the final two identify the specific service.

Where do I find the official CBIC SAC master?

The CBIC publishes the consolidated HSN_SAC master as an XLSX on the GST portal at tutorial.gst.gov.in/downloads/HSN_SAC.xlsx. FinTax24 SAC Finder mirrors this master and adds free-text search plus group filtering for faster lookup.

SAC CODES · GROUP 9971

SAC Group 9971: Financial and related services

42 service codes fall under SAC group 9971, sourced from the official CBIC HSN_SAC master. Browse the list below or open the full group in the live finder.

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Showing 42 of 42 codes

SAC codes under group 9971 — Financial and related services
SAC Code	Description	Action
9971	Financial and related services
997111	Central banking services
997112	Deposit services
997113	Credit-granting services including stand-by commitment, guarantees and securities
997114	Financial leasing services
997115	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.
997116	Any transfer of right in goods or of undivided share in goods without the transfer of title thereof.
997119	Other financial services (except investment banking, insurance services and pension services)
997120	Investment banking services
997131	pension services
997132	Life insurance services (excluding reinsurance services)
997133	Accident and health insurance services
997134	Motor vehicle insurance services
997135	Marine, aviation, and other transport insurance services
997136	Freight insurance services and travel insurance services
997137	Other property insurance services
997138	Freight insurance services and travel insurance services
997139	Other non-life insurance services (excluding reinsurance services)
997141	Life reinsurance services
997142	Accident and health reinsurance services
997143	Motor vehicle reinsurance services
997144	Marine, aviation and other transport reinsurance services
997145	Freight reinsurance services
997146	Other property reinsurance services
997147	Other property reinsurance services
997149	Other non-life reinsurance services
997151	Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services
997152	Brokerage and related securities and commodities services including commodity exchange services
997153	Portfolio management services except pension funds
997154	Trust and custody services
997155	Services related to the administration of financial markets
997156	Financial consultancy services
997157	Foreign exchange services
997158	Financial transactions processing and clearing house services
997159	Other services auxiliary to financial services
997161	Services auxiliary to insurance and pensions
997162	Insurance claims adjustment services
997163	Actuarial services
997164	Pension fund management services
997169	Other services auxiliary to insurance and pensions
997171	Services of holding equity of subsidiary companies
997172	Services of holding securities and other assets of trusts and funds and similar financial entities

About SAC Group 9971 (Financial and related services)

SAC (Service Accounting Code) group 9971 covers financial and related services. Services supplied under GST are classified under 6-digit SAC codes — the first four digits (9971) identify the service family, and the remaining digits narrow the specific service.

Quote the correct SAC on every GST invoice for services. If a supply mixes goods and services, the principal supply decides the classification. Our experts can confirm the right SAC and the applicable GST rate for your service.