99721 Real estate services involving owned or leased property
Group 99721 of the SAC classification covers real estate services involving owned or leased property. It sits under heading 9972 and holds 5 six-digit service codes. The GST rate is set at the heading, so services here are taxed under the entries written against 9972, normally at Nil / 18%.
- Service codes5
- Rate set atHeading 9972
- GST rateNil / 18%
Group 99721 is a 5-digit service group inside its heading, inside heading 9972 (Real estate services).
Which code in this group is yours?An IncorpX GST advisor will confirm it, free5 SAC codes in group 99721
These are the codes you actually quote. Open one for its official description, the rate entries that reach it and a GST calculator.
GST rate for SAC 99721
The schedule sets rates at the heading, so these are the entries under heading 9972 that can reach a service in this group.
- Nil applies here
- 1.5%
- 5%
- 7.5%
- 12%
- 18% applies here
- 40%
| Entry | What it covers | GST rate | CGST + SGST | Input tax credit |
|---|---|---|---|---|
| (i) Written for this code | Lease of land by the Central Government, a State Government, a Union territory or a local authority to a governmental authority or a Government entity. | Nil | No tax | Not applicable |
| (ii) Written for this code | Supply of land or an undivided share of land by way of lease or sub-lease, forming part of a composite supply of construction of flats, to the extent of one-third of the total amount charged. The deemed one-third land value is not taxable; the balance is taxed as construction service under heading 9954. | Nil | No tax | Not applicable |
| (iii) Residual | Real estate services other than the above, including renting or leasing of commercial property and services on a fee or commission basis. | 18% | 9% + 9% | Credit available |
More than one entry can apply here. The one that governs is the entry whose description actually matches the supply; where none does, the residual entry sets the rate.
Rates shown here are as published in GST rates on services, Notification 11/2017-Central Tax (Rate) as amended up to Notification 15/2025-Central Tax (Rate) and are reproduced for reference. The GST Council revises rates through notifications, including the rate rationalisation effective 22.09.2025 that withdrew the 12% and 28% slabs for most services and introduced a 40% rate for a short list of them. Always verify the current rate and the conditions attached to it on the CBIC GST rates page or the CBIC tax information portal before invoicing or filing. Rates exclude any applicable cess. IncorpX provides assistance for GST registration and return filing if you need help.
Some supplies under this heading carry no GST at all. An exemption removes the charge rather than setting a rate, so it overrides the schedule where it applies.
- Services by way of renting a residential dwelling for use as a residence, except where it is rented to a registered person. Notification 12/2017-CT(R), entry 12
- Services by way of renting of precincts of a religious place meant for the general public, subject to the notified rent thresholds. Notification 12/2017-CT(R), entry 13
Source: Exempt services, Notification 12/2017-Central Tax (Rate) as amended up to Notification 16/2025-Central Tax (Rate). Exemptions carry conditions and definitions of their own, so read the notification entry before relying on one.
- Classification: Scheme of Classification of Services, Annexure to Notification 11/2017-Central Tax (Rate), Central Board of Indirect Taxes and Customs (cbic-gst.gov.in).
- Rates: GST rates on services, Notification 11/2017-Central Tax (Rate) as amended up to Notification 15/2025-Central Tax (Rate) (CBIC rate finder).
- Exemptions: Exempt services, Notification 12/2017-Central Tax (Rate) as amended up to Notification 16/2025-Central Tax (Rate).
- Reverse charge: Services taxable under reverse charge, Notification 13/2017-Central Tax (Rate) as amended.
- Current position: GST Council notifications published on the CBIC tax information portal.
This directory reproduces government classifications and rate entries for reference. The official gazette and CBIC notifications remain the authoritative sources. IncorpX provides assistance for registrations and filings that use these codes and does not issue the classification or the rates itself.
SAC 99721 questions
What does SAC group 99721 cover?
Group 99721 of the SAC classification covers real estate services involving owned or leased property. It sits under heading 9972 and holds 5 six-digit service codes. The GST rate is set at the heading, so services here are taxed under the entries written against 9972, normally at Nil / 18%.
What is the GST rate for SAC 99721?
The rate schedule is written against heading 9972, not against the 5-digit group, so the rate for a service here comes from that heading's entries. Entries that can reach this group run from Nil to 18%, so read the descriptions to see which one matches your supply. Verify the current rate on the CBIC portal before invoicing.
Which SAC code should I quote from this group?
Pick the 6-digit code whose official description covers what you actually supply, not the closest sounding name. Every code in this group is listed below with its own page, where the official annexure text and the rate entries are set out in full.
Can I quote the 5-digit group code on an invoice?
No. Invoices and the GSTR-1 summary take either the 4-digit heading (9972) or the full 6-digit code, depending on your aggregate turnover. The 5-digit group is a level of the classification, not a reporting format.
Not sure this is the right group for your services?
Tell us what you actually supply and an IncorpX advisor will help you confirm the SAC code, the rate that applies to it and whether reverse charge is in play, before you invoice or file. Free, with no obligation. IncorpX provides assistance for GST registration and return filing; applications are always filed in your name with the tax authorities.
Nebin Binoy 
