Kitne Din
ServiceSAC Heading 9971

Services by an intermediary of financial services located in a multi services SEZ with International Financial Services Centre (IFSC) status to a customer located outside India for international financial services in currencies other than Indian rupees (INR). Explanation.- For the purposes of this entry, the intermediary of financial services in IFSC is a person who is permitted or recognised as such by the Government of India or any Regulator appointed for regulation of IFSC; or who is treated as a person resident outside India under the Foreign Exchange Management (International Financial Services Centre) Regulations, 2015; or who is registered under the Insurance Regulatory and Development Authority of India (International Financial Service Centre) Guidelines, 2015 as IFSC Insurance Office; or who is permitted as such by Securities and Exchange Board of India (SEBI) under the Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015. — GST rate 0%

0%GST
Condition: Nil
CGST (intra-state)0%
SGST / UTGST (intra-state)0%
IGST (inter-state)0%
SAC codeHeading 9971
CategoryFinancial Services
Source notification12/2017 (amended by 16/2025)

As per Notification 12/2017 (amended by 16/2025), services by an intermediary of financial services located in a multi services sez with international financial services centre (ifsc) status to a customer located outside india for international financial services in currencies other than indian rupees (inr). explanation.- for the purposes of this entry, the intermediary of financial services in ifsc is a person who is permitted or recognised as such by the government of india or any regulator appointed for regulation of ifsc; or who is treated as a person resident outside india under the foreign exchange management (international financial services centre) regulations, 2015; or who is registered under the insurance regulatory and development authority of india (international financial service centre) guidelines, 2015 as ifsc insurance office; or who is permitted as such by securities and exchange board of india (sebi) under the securities and exchange board of india (international financial services centres) guidelines, 2015. classified under SAC Heading 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: Nil.

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Related SAC codes

Heading 9968Local delivery services - a. supplied through electronic commerce…18%Heading 9968Local delivery services - b. other than (a) above18%Heading 9968Delivery services other than (i), (ii) and (iii) above18%Heading 9988 (Manufacturing services on physical inputs (goods) owned by others)Services by way of job work in relation to diamonds falling under…1.5%Heading 9988 (Manufacturing services on physical inputs (goods) owned by others)Services by way of job work in relation to - (a) all food and food…5%Heading 9988 (Manufacturing services on physical inputs (goods) owned by others)Services by way of job work in relation to manufacture of alcoholic…18%Heading 9988 (Manufacturing services on physical inputs (goods) owned by others)Services by way of job work other than (i), (ii), and (iii) above18%Heading 9988 (Manufacturing services on physical inputs (goods) owned by others)Services by way of any treatment or process on goods belonging to…5%
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%.