997162Insurance claims adjustment services
Service Accounting Code 997162 falls under Section 9971 — financial and related services of the Indian GST classification for services.
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Where this code sits
Financial and related services
Related services under section 9971
997111
Central banking services
997112
Deposit services
997113
Credit-granting services including stand-by commitment, guarantees and securities
997114
Financial leasing services
997115
Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration.
997116
Any transfer of right in goods or of undivided share in goods without the transfer of title thereof.
997119
Other financial services (except investment banking, insurance services and pension services)
997120
Investment banking services
997131
pension services
997132
Life insurance services (excluding reinsurance services)
997133
Accident and health insurance services
997134
Motor vehicle insurance services
997135
Marine, aviation, and other transport insurance services
997136
Freight insurance services and travel insurance services
997137
Other property insurance services
997138
Freight insurance services and travel insurance services
997139
Other non-life insurance services (excluding reinsurance services)
997141
Life reinsurance services
997142
Accident and health reinsurance services
997143
Motor vehicle reinsurance services
997144
Marine, aviation and other transport reinsurance services
997145
Freight reinsurance services
997146
Other property reinsurance services
997147
Other property reinsurance services
How to use SAC code 997162
Use SAC 997162 on tax invoices for this category of service supply. The Service Accounting Code is mandatory on B2B invoices and flows into your GSTR-1 services HSN summary and e-invoice payload. Choose the SAC that most specifically matches the service you've actually rendered — getting it right keeps your filings clean and avoids notices.
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SAC 997162 pre-loaded on your service items. GST classification, e-invoicing, and GSTR-1 — sorted.
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