SAC code 997143 — Motor vehicle reinsurance services
SAC · sac18%हिंदी में देखें · தமிழில் பார்க்க
Motor vehicle reinsurance services
Reinsurance services specifically for motor vehicle insurance. This covers the transfer of motor vehicle insurance risks from primary insurers to reinsurers, including car, motorcycle, commercial vehicle and other motor-related insurance reinsurance arrangements.
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
auto reinsurance servicesautomobile reinsurancecar insurance reinsurancecommercial vehicle reinsurancefour-wheeler reinsurancemotor vehicle reinsurancemotor vehicle risk reinsurancemotorcycle reinsurancereinsurance of vehicle policiestwo-wheeler reinsurancevehicle liability reinsurance
sibling codes
- 997111Central banking services
- 997112Deposit services
- 997113Credit-granting services including stand-by commitment, guarantees and securities
- 997114Financial leasing services
- 997115Transfer of the right to use any goods for any purpose (whether or not for a specified period)
- 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
Not sure this is the right code? Try the guided finder →
compiled from official sources · not tax advice · verify with your tax advisor before filing