About SAC Code 997115
SAC Code 997115 covers 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 and attracts a GST rate of 18%. For intra-state supplies, this is split as 9% CGST + 9% SGST. For inter-state supplies, 18% IGST is charged. This code falls under the Services sector (Professional, IT, logistics, hospitality).
How to Use SAC Code 997115 on GST Invoices
- Include the SAC code 997115 on every GST invoice for 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
- 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
- 997111 — Central banking services
- 997112 — Deposit services
- 997113 — Credit-granting services including stand-by commitment, guarantees and securities
- 997114 — Financial leasing services
- 997116 — Any transfer of right in goods or of undivided share in goods without the transfer of title thereof
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Last verified: 2026-06-26 · Source: CBIC Master Tariff