SAC code 998240
Service code in chapter 99 — All Services
Insolvency and receivership services
Classification
| Code type | SAC — Services Accounting Code |
|---|---|
| Level | Service code (6 digits) |
| Chapter 99 | All Services |
| Heading 9982 | Legal and accounting services |
| Service code 998240 | Insolvency and receivership services |
Other codes under 9982
Using SAC 998240 in GST
On GST invoices, a business with annual turnover up to ₹5 crore must show at least the first 4 digits (9982) on B2B invoices, and a business above ₹5 crore must show 6 digits (998240) on all invoices. The full 8-digit code is used for imports and exports.
The GST rate depends on the exact goods or service and any conditions in the rate notification, so it is not listed here. Check the official CBIC GST rate finder, then work out the tax with the GST calculator or make a bill with the GST invoice generator.
Frequently asked questions
What is SAC code 998240?
SAC code 998240 is the service code for: Insolvency and receivership services.
What is the GST rate for SAC 998240?
GST rates are set by CBIC rate notifications and can depend on conditions, so check the CBIC GST rate finder for SAC 998240 before invoicing.
How many digits of SAC 998240 should I write on my invoice?
Up to ₹5 crore turnover: at least 4 digits (9982) on B2B invoices. Above ₹5 crore: 6 digits (998240) on all invoices.