SAC code for rental income.
Rent is classified by what is rented. Renting out commercial property such as shops, offices and warehouses is SAC 997212. Residential property is 997211. Renting machinery or equipment without an operator is 9973, and vehicles with a driver are 9966.
Which code applies
| if it is… | code | gst |
|---|---|---|
| Commercial property: shop, office, warehouseRental or leasing services involving own or leased non-residential property | 997212 | 18% |
| Residential propertyRental or leasing services involving own or leased residential property | 997211 | 0% or 18% |
| Machinery or equipment without operatorLeasing or rental services without operator | 9973 | 0% or 18% |
| Vehicle with driverRental services of transport vehicles with operators | 9966 | 0%–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