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SAC code

Ananya Bansal (41 Points)

04 November 2017

What is the sac code for the services provided by an insurance agent?

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CA Amit Kumar (Chartered Accountant) (342 Points)
Replied 04 November 2017

997161 for INSURANCE BROKERAGE AND AGENCY SERVICES with 18% GST

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Ananya Bansal (41 Points)
Replied 04 November 2017

I tried with the above sac code while registration today ,but it is not providing any results in gst portal

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 November 2017

@ Ms. Ananya Bansal.,
At the time of asking query we ll ask specifically then only we get exact solution or reply....

The 99..... series SAC codes are not updated in GST Portal. So, You ll use Old Service Tax Code...

CA Amit Kumar (Chartered Accountant) (342 Points)
Replied 04 November 2017

00440185 LIFE INSURANCE SERVICE/INSURANCE AUXILLARY-LIFE INSURANCE use this..

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 04 November 2017

Please try to these codes....

General Insurance Services - 00440005

Insurance Auxiliary Services in relation to General Insurance - 00440169

Life Insurance Services including Insurance Auxiliary Services relating to Life Insurance. - 00440185

Services provided by an insurer on life insurance business, in relation to management of investment, insurance under unit linked insurance business, commonly known as Unit Linked Insurance Plan (ULIP) scheme. - 00440430.....

GOOD LUCK

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