HSN- Rent Commercial property

What is the HSN for Rent from Commercial property, 997211 or 997212?
Replies (1)
Quick Summary
Query on correct SAC/HSN for commercial property rent. SAC 997212 applies to rental or leasing of non-residential/commercial properties like offices, warehouses, factories, etc. SAC 997211 is used for residential property rent. Hence, commercial rent falls under 997212.

SAC 997212 Rental or leasing services involving own or leased non-residential property

This service code includes:

rental or leasing services concerning industrial, commercial or other non-residential buildings or property by owners or leaseholders, such as factories, office buildings, warehouses, theatres, convention centres, exhibition halls and multiple-use buildings that are primarily non- residential; agricultural, forestry and similar properties.

rental or leasing of caravan sites, lock-up garages or other places for parking vehicles, by the month or year

Note: 997211 relates to residential property

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