SAC code for renting commercial property.
Renting commercial property is classified under SAC code 9972 (Real estate services). GST is 0% or 18% depending on the exact product — the table below shows which notification entry covers what.
Real estate services cover professional services related to buying, selling, renting, and managing properties such as residential houses, commercial spaces, and land. This includes services provided by real estate agents, brokers, property consultants, and real estate companies for facilitating property transactions and property management.
gst rates for renting commercial property
| gst | cgst + sgst | what it covers | entry |
|---|---|---|---|
| 0% | 0% + 0% | Lease of land by the Central/State Government, Union territory or local authority to a governmental authority or government entity | S.No 16 item (i)11/2017-Central Tax (Rate) as amended by 1/2018-Central Tax (Rate) |
| 0% | 0% + 0% | Lease or sub-lease of land as part of a composite supply of construction of flats under serial 3 items (i) to (if) | S.No 16 item (ii)11/2017-Central Tax (Rate) as amended by 03/2019-Central Tax (Rate) |
| 0% | 0% + 0% | One time upfront amount (called as premium, salami, cost, price, development charges or by any other name) leviable in respect of the service, by way of granting long term (thirty years, or more) lease of industrial plots, provided by the State Government Indu | S.No 41)12/2017-Central Tax (Rate) as amended |
| 18% | 9% + 9% | Real estate services other than the items above | S.No 16 item (iii)11/2017-Central Tax (Rate) as amended by 1/2018-Central Tax (Rate) |
source: 11/2017-Central Tax (Rate) as amended by 1/2018-Central Tax (Rate) · effective 2018-01-25
also searched as
more specific codes under 9972
- 997211Rental or leasing services involving own or leased residential property
- 997212Rental or leasing services involving own or leased non-residential property
- 997213Trade services of buildings
- 997214Trade services of time-share properties
- 997215Trade services of vacant and subdivided land
- 997219Other real estate services involving owned or leased property
- 997221Property management services on a fee or commission basis or on contract basis
- 997222Building sales on a fee or commission basis or on contract basis
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Full detail — official text, every sub-code and rate history — on the SAC 9972 code page → · chapter 99 — All Services
compiled from official CBIC sources · not tax advice — verify with your tax advisor before filing