SAC code 997223 — Land sales on a fee or commission basis or on contract basis
SAC · sac18%हिंदी में देखें · தமிழில் பார்க்க
Land sales on a fee or commission basis or on contract basis
This SAC covers real estate agents' and brokers' services when they sell land on behalf of owners, earning a commission or fee. It applies whether the agent acts as an intermediary or under a sales contract arrangement.
current gst rate
| igst | cgst | sgst | condition |
|---|---|---|---|
| 0% | 0% | 0% | S.No 16(ii): (ii) Supply of land or undivided share of land by way of lease or sub lease where such supply is a part of composite supply of construction of flats, etc. specified in the entry in column (3), against serial number 3, at |
| 18% | 9% | 9% | S.No 16(iii): (iii) Real estate services other than (i) and (ii) above. |
source: 11/2017-Central Tax (Rate) · effective 2017-06-28 · rate inherited from 9972 · all codes at 18%
gst calculator — pre-filled with this rate
products commonly classified here
agent commission on landbroker service for landbrokerage for landland broker commissionland sales agentplot broker serviceplot sale brokeragesale of land through agentzameen ka broker
sibling codes
- 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
- 997224Real estate appraisal services on a fee or commission basis or on contract basis
- 997229Other real estate services on a fee or commission basis or on contract basis
- 997231Services by way of grant of development rights, FSI or additional FSI
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compiled from official sources · not tax advice · verify with your tax advisor before filing