Real estate services involving owned or leased property - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 221 Group 99721 Real estate services involving owned or leased property 222 997211 Rental or leasing services involving own or leased residential property 223 997212 Rental or leasing services involving own or leased non-residential property 224 997213 Trade services of buildings 225 997214 Trade services of time-share properties 226 997215 Trade services of vacant and subdivided land Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99721 - Real estate services involving owned or leased property 997211 - Rental or leasing services involving own or leased residential property This service code includes rental or leasing services concerning residential properties by owners or lease holders houses, flats, apartment buildings, multiple-use buildings that are primarily residential, residential mobile home sites. This service code does not include: - accommodation services provided by operating hotels, motels, rooming houses, school dormitories, camp sites and other lodging places, cf. 99631 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 nonresidential 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 997213 - Trade services of buildings This service code includes: - sales on own account of buildings and associated land in cases where the sales are treated as sales of trading stock by the seller, but not sales of property where the sales are disposals of the fixed assets of the selling unit - sales of houses with associated land, multiple-dwelling buildings with associated land and individual dwelling units within such buildings, such as individual apartments or condominiums Note: Such property can either be leasehold or freehold This service code does not include: - sales of vacant land, cf.997215 997214 - Trade services of time-share properties This service code includes sale on own account of time-share properties 997215 - Trade services of vacant and subdivided land This service code includes: - sales on own account of vacant residential or non-residential land in cases where the sales are treated as sales of trading stock by the seller. Such vacant land can include subdivided vacant land.