SAC code 997131 — pension services
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pension services
Pension services cover the administration, management, and distribution of pension benefits to retirees and beneficiaries. This includes services provided by pension funds, pension administrators, and organizations managing retirement income schemes.
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
pension fund managementEPF servicesemployee pension schemeNational Pension SystemNPS servicesold age pension servicespension administrationpension distributionpension scheme administrationretirement pensionsuperannuation servicesretirement income services
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
- 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