Services auxiliary to financial services (other than to insurance and pensions)
Services Code / Classification (SAC)
GST
Scheme of Classification of Services
S.No.
Chapter, Section, Heading or Group
Service Code (Tariff)
Service Description
(1)
(2)
(3)
(4)
201
Group 99715
Services auxiliary to financial services (other than to insurance and pensions)
202
997151
Services related to investment banking such as mergers and acquisition services, corporate finance and venture capital services
203
997152
Brokerage and related securities and commodities services including commodity exchange services
204
997153
Portfolio management services except pension funds
205
997154
Trust and custody services
206
997155
Services related to the administration of financial markets
207
997156
Financial consultancy services
208
997157
Foreign exchange services
209
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– supply of financial news to the news media, cf. 99844
997152 – Brokerage and related securities and commodities services including commodity exchange services
This service code includes:
– brokerage services (that is bringing together purchasers and sellers of the same instrument) for securities
– services of acting as a selling agent of units, shares or other interests in a mutual (investment) fund
– sales, delivery and redemption services of government bonds
– brokerage of options
– brokerage services for commodities and commodity futures, including financial futures
– brokerage services for financial derivatives
– computer-based clearing and settlement for interchange of debits, credits and transfer of ownership of securities
997153 – Portfolio management services except pension funds
This service code includes:
– managing portfolio assets of others, on a fee or commission basis, except for pension funds
Note: Managers make decisions on which investments to
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onfirmation services with respect to customers' securities held for safekeeping
997155 – Services related to the administration of financial markets
This service code includes:
– administrative services of furnishing space and other facilities necessary for the operation of security and commodity exchanges
– services of regulating and monitoring financial markets and participants in those markets
– other financial market administration services n.e.c.
This service code does not include:
– security custody services, cf. 997154
– stock price quotation services made available through an information server, cf. 998439
– supply of financial news to the news media (Group 99844)
997156 – Financial consultancy services
This service code includes financial advisory services, market analysis and intelligence
This service code does not include:
– insurance and pension consultancy services, cf.997169
– mergers and acquisitions services, cf. 997151
– corporate financ
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