Kitne Din
ServiceSAC Heading 9971 or Heading 9991

Services of life insurance business provided by way of annuity under the National Pension System regulated by the Pension Fund Regulatory and Development Authority of India under the Pension Fund Regulatory and Development Authority Act, 2013. — GST rate 0%

0%GST
Condition: Nil
CGST (intra-state)0%
SGST / UTGST (intra-state)0%
IGST (inter-state)0%
SAC codeHeading 9971 or Heading 9991
CategoryInsurance
Source notification12/2017 (amended by 16/2025)

As per Notification 12/2017 (amended by 16/2025), services of life insurance business provided by way of annuity under the national pension system regulated by the pension fund regulatory and development authority of india under the pension fund regulatory and development authority act, 2013. classified under SAC Heading 9971 or Heading 9991 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%.