9962

SAC Code 9962: GST Rate & Description

Services in retail trade
SAC Chapter 99 — Services (SAC) 4-digit code 18% GST
Parent codes: 99 — All services
GST Rate Breakdown
CGST
9%
SGST / UTGST
9%
IGST
18%

CGST+SGST apply to intra-state transactions. IGST applies to inter-state and imports. Cess may apply additionally for certain goods.

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1 Sub-codes under 9962
996211 Services provided for a fee or commission or on co…
Related SAC codes (1 codes)
996211 Services provided for a fee or commission or on…

About SAC Code 9962

SAC code 9962 is a 4-digit Services Accounting Code (SAC) used in India for GST classification. It covers: Services in retail trade.

This code falls under Chapter 99 (Services (SAC)) of the Indian GST tariff. The applicable GST rate is 18% (CGST 9% + SGST 9% for intra-state, or IGST 18% for inter-state transactions).

Who needs this code? Any GST-registered business supplying services classified under this SAC code must quote it on their tax invoices. Turnover above ₹5 crore requires 6-digit SAC codes; exporters must use 8-digit HSN codes.

Frequently Asked Questions

What is SAC code 9962?
SAC 9962 refers to: Services in retail trade. It belongs to Chapter 99 (Services (SAC)) of the GST tariff.
What is the GST rate for SAC code 9962?
The GST rate for SAC code 9962 is 18% — CGST 9% + SGST 9% for intra-state, or IGST 18% for inter-state supply.
Is SAC code 9962 mandatory on invoices?
Yes. If your business supplies goods/services under this code, you must quote the HSN/SAC code on GST invoices. Businesses with turnover below ₹5 crore use 4-digit HSN; above ₹5 crore use 6-digit; exporters use 8-digit.
What chapter does SAC code 9962 belong to?
SAC code 9962 belongs to Chapter 99 of the GST tariff, which covers Services (SAC).