SAC 998240 is the services accounting code for insolvency and receivership services, under heading 9982 (legal and accounting services). GST is 18%: 9% CGST + 9% SGST within a state, or 18% IGST to another state. Rates as of 2026-10-21.
SAC 998240 at a glance
| SAC (6 digits) | 998240 |
|---|---|
| Group (5 digits) | 99824 |
| Heading (4 digits) | 9982: Legal and accounting services |
| Section | 8: Business and production services |
| Description | Insolvency and receivership services |
| GST rate | 18% |
| Within the state | 9% CGST + 9% SGST (or UTGST) |
| To another state | 18% IGST |
Legal and accounting services: 18% under 11/2017-CT(R), S. No. 20.
Rate entry for SAC 998240
Service rates are set by description in the Table of Notification 11/2017-Central Tax (Rate), heading by heading. The descriptions below summarise each entry; the condition column is part of the rate.
| Entry | Service (summary) | GST | Condition |
|---|---|---|---|
| 11/2017-CT(R), S. No. 20 | Legal and accounting services | 18% | None |
Worked example: a ₹1,000 bill under SAC 998240
Value of service ₹1,000.00. Client in your state: CGST ₹90.00 + SGST ₹90.00 = ₹180.00, bill total ₹1,180.00. Client in another state (place of supply outside your state): IGST ₹180.00, the same total.
The GST calculator does the same split for any amount.
Putting SAC 998240 on your invoice
Notification 78/2020-Central Tax requires at least 4 digits of the SAC (9982) on B2B tax invoices when aggregate turnover in the previous year was up to ₹5 crore, and 6 digits (998240) on all tax invoices above ₹5 crore. Charge CGST and SGST when the place of supply is in your state and IGST when it is in another state. FundRaksha Book keeps the SAC and rate on each service item, so every bill splits the tax correctly and your party ledgers stay up to date.
Other SAC codes under heading 9982
- SAC 998211: Legal advisory and representation services concerning criminal law (18%)
- SAC 998212: Legal advisory and representation services concerning other fields of law (18%)
- SAC 998213: Legal documentation and certification services concerning patents, copyrights and other intellectual property rights (18%)
- SAC 998214: Legal documentation and certification services concerning other documents (18%)
- SAC 998215: Arbitration and conciliation services (18%)
- SAC 998216: Other legal services nowhere else classified (18%)
- SAC 998219: Other legal services nowhere else classified (18%)
- SAC 998221: Financial auditing services (18%)
- SAC 998222: Accounting and bookkeeping services (18%)
- SAC 998223: Payroll services (18%)
- SAC 998224: Other similar services nowhere else classified (18%)
- SAC 998229: Other similar services nowhere else classified (18%)
- SAC 998231: Corporate tax consulting and preparation services (18%)
- SAC 998232: Individual tax preparation and planning services (18%)
- SAC 998239: Other tax consultancy and preparation services (18%)
Sources
- tutorial.gst.gov.in/downloads/HSN_SAC.xlsx
- taxinformation.cbic.gov.in/view-pdf/1000997/ENG/Notifications
- www.gstcouncil.gov.in/sites/default/files/2024-02/11-rate_notification-cgst-01.04.2019.pdf
- taxinformation.cbic.gov.in/view-pdf/1010453/ENG/Notifications
- taxinformation.cbic.gov.in/view-pdf/1000998/ENG/Notifications
- www.gstcouncil.gov.in/sites/default/files/2024-05/notfctn-78-central-tax-english-2020.pdf
Codes and descriptions: GSTN HSN/SAC master (HSN_SAC.xlsx, sheet SAC_MSTR), file dated 13.10.2026, read on 21.10.2026. Rates: Notification 11/2017-Central Tax (Rate) as amended up to Notification 15/2025-Central Tax (Rate) (in force 22.09.2025), with the individual insurance exemptions of Notification 12/2017-Central Tax (Rate) S. Nos. 36C to 36E.