SAC code for commission.
Commission is classified by what it is earned on. Commission for selling goods on someone else's behalf is SAC 996111 for wholesale and 996211 for retail. Brokerage on shares and commodities is 997152. Commission on property sales is 997222.
Which code applies
| if it is… | code | gst |
|---|---|---|
| Commission agent for goods (wholesale)Services provided for a fee or commission or on contract basis on wholesale trade | 996111 | 18% |
| Commission agent for goods (retail)Services provided for a fee or commission or on contract basis on retail trade | 996211 | 18% |
| Share or commodity brokerageBrokerage and related securities and commodities services including commodity exchange… | 997152 | 18% |
| Property sale commissionBuilding sales on a fee or commission basis or on contract basis | 997222 | 18% |
rates are the current ones for each code; open a code for the notification entry and conditions
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compiled from official CBIC sources · not tax advice — verify with your tax advisor before filing