How to account for SAC 996521 in books?

When purchasing: Debit Travel & Conveyance (6400), Credit Bank/Payable. When selling: Debit Receivable, Credit Service Revenue (4100). GST is booked to ITC (purchase) or Output Payable (sale) accounts.

Is Reverse Charge (RCM) applicable on SAC 996521?

Yes. SAC 996521 (Goods transport services (general)) is subject to Reverse Charge Mechanism under Section 9(3) of the CGST Act. The recipient must pay GST instead of the supplier.

SAC Code 996521 — Coastal and transoceanic (overseas) water transport services of goods by refrigerator vessels, tankers, bulk cargo vessels, container ships and the like — 5% GST

Q: What is the GST rate for SAC Code 996521?

SAC Code 996521 (Coastal and transoceanic (overseas) water transport services of goods by refrigerator vessels, tankers, bulk cargo vessels, container ships and the like) attracts 5% GST. For intra-state supply: 2.5% CGST + 2.5% SGST. For inter-state: 5% IGST.

About SAC Code 996521

SAC Code 996521 covers Coastal and transoceanic (overseas) water transport services of goods by refrigerator vessels, tankers, bulk cargo vessels, container ships and the like and attracts a GST rate of 5%. For intra-state supplies, this is split as 2.5% CGST + 2.5% SGST. For inter-state supplies, 5% IGST is charged. This code falls under the Services sector (Professional, IT, logistics, hospitality).

How to Use SAC Code 996521 on GST Invoices

Include the SAC code 996521 on every GST invoice for coastal and transoceanic (overseas) water transport services of goods by refrigerator vessels, tankers, bulk cargo vessels, container ships and the like
Businesses with turnover above ₹5 crore must use 6-digit SAC codes
Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
The SAC code must match the product/service description on your invoice
Incorrect SAC codes can lead to GST notices and ITC mismatches

Related SAC Codes

996511 — Road transport services of Goods including letters, parcels, live animals, household and office furniture, containers and the like by refrigerator vehicles, trucks, trailers, man or animal drawn vehicles or any other vehicles
996512 — Railway transport services of Goods including letters, parcels, live animals, household and office furniture, intermodal containers, bulk cargo and the like
996513 — Transport services of petroleum and natural gas, water, sewerage and other goods via pipeline
996514 — Transport services via pipeline of other chemicals, coal slurry and of other goods
996515 — Moving services of household goods, office equipment and furniture

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Last verified: 2026-06-26 · Source: CBIC Master Tariff

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