Kitne Din
ServiceSAC 9971

Reinsurance of the insurance services specified in serial numbers 36C or 36D. — GST rate 0%

0%GST
Condition: No separate conditions specified; exemption applies only where the underlying insurance service qualifies for exemption under serial number 36C (individual life insurance) or 36D (individual health insurance).
CGST (intra-state)0%
SGST / UTGST (intra-state)0%
IGST (inter-state)0%
SAC code9971
CategoryInsurance - Reinsurance
Source notification12/2017 (amended by 16/2025)

As per Notification 12/2017 (amended by 16/2025), reinsurance of the insurance services specified in serial numbers 36c or 36d. classified under SAC 9971 attracts 0% GST effective 22 September 2025. On an intra-state supply this is charged as 0% CGST plus 0% SGST; on an inter-state supply the full 0% is charged as IGST. This rate applies subject to the condition: No separate conditions specified; exemption applies only where the underlying insurance service qualifies for exemption under serial number 36C (individual life insurance) or 36D (individual health insurance)..

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Related SAC codes

9971Banking and financial services (fees, charges, commission)18%9971General (non-life) insurance service18%9971Financial and related services other than (i),18%9971Service of third party12%9971Financial and related18%9971Services of life insurance business provided by an insurer to the…0%9971Services of health insurance business provided by an insurer to the…0%
Source: CBIC Notifications 9/2025, 10/2025, 15/2025, 16/2025-CT(R) and 02/2025-Compensation Cess (Rate), effective 22 September 2025. Rates are indicative — verify against the official notification before invoicing. Services are notified under Notification 11/2017-CT(R) as amended. This tool does not constitute tax advice.
Schedule → rate legend: I = 5%, II = 18%, III = 40%, IV = 3%, V = 0.25%, VI = 1.5%, VII = 28%; exemption notification = 0%.