About SAC Code 997214
SAC Code 997214 covers Trade services of time-share properties 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 997214 on GST Invoices
- Include the SAC code 997214 on every GST invoice for trade services of time-share properties
- 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
- 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
- 997215 — Trade services of vacant and subdivided land
- 997219 — Other real estate services involving owned or leased property
Related Free Tools
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- AI Bill Extractor — Extract invoice data with GL classification
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Last verified: 2026-06-26 · Source: CBIC Master Tariff