SAC code 997115 — Transfer of the right to use any goods for any purpose (whet
SAC · sac18%हिंदी में देखें · தமிழில் பார்க்க
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.
This SAC code covers leasing or rental services where you pay to use someone else's goods for a period of time, whether it's equipment, machinery, vehicles, or other assets. The payment can be made upfront, in installments, or through other arrangements of value.
current gst rate
| igst | cgst | sgst | condition |
|---|---|---|---|
| 5% | 2.5% | 2.5% | S.No 15(vi): (vi) Service of third party insurance of "goods carriage" |
| 18% | 9% | 9% | S.No 15(vii): (vii) Financial and related services other than (i), (ii), (iii), (iv), (v), and (vi) above. |
| 18% | 9% | 9% | S.No 15(viii): (viii) Leasing or rental services, with or without operator, other than (i), (ii), (iii), (iv), (v), (vi), (vii) and (viia) above |
source: 15/2025-Central Tax (Rate) · effective 2025-09-22 · rate inherited from 9971 · all codes at 18%
gst calculator — pre-filled with this rate
products commonly classified here
asset leasingequipment leasinggoods rental servicesindustrial equipment rentalmachinery rentaloperational leaseplant and machinery on hire
sibling codes
- 997111Central banking services
- 997112Deposit services
- 997113Credit-granting services including stand-by commitment, guarantees and securities
- 997114Financial leasing services
- 997116Any transfer of right in goods or of undivided share in goods without the transfer of title the
- 997119Other financial services (except investment banking, insurance services and pension services)
- 997120Investment banking services
- 997131pension services
- 997132Life insurance services (excluding reinsurance services)
- 997133Accident and health insurance services
- 997134Motor vehicle insurance services
- 997135Marine, aviation, and other transport insurance services
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compiled from official sources · not tax advice · verify with your tax advisor before filing