Real estate services on a fee or commission basis or on contract basis - 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) 227 Group 99722 Real estate services on a fee or commission basis or on contract basis 228 997221 Property management services on a fee or commission basis or on contract basis 229 997222 Building sales on a fee or commission basis or on contract basis 230 997223 Land sales on a fee or commission basis or on contract basis 231 997224 Real estate appraisal services on a fee or commission basis or on contract basis Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99722 - Real estate services on a fee/commission basis or contract basis 997221 - Property management services on a fee/commission basis or contract basis This service code includes: - management services concerning residential, industrial and Commercial properties, on a fee or contract basis - management services concerning residential mobile home sites - management services concerning dwellings in joint ownership - management services concerning agricultural, forestry and similar properties - management services concerning buildings or properties used on a timeshare basis This service code does not include:- - sports and recreational sports facility operation services, cf. 99652 - operation of other recreation and amusement service facilities n.e.c., cf. 999699 997222 - Building sales on a fee/commission basis or contract basis This service code includes: - real estate agency and brokerage services related to buildingds, and similar intermediation services involving buying, selling and renting of buildings and associated land, on a fee or contract basis This service code does not include: - sale of land on a fee or contract basis, cf. 997223 997223 - Land sales on a fee/commission basis or contract basis This service code includes: - real estate agency and brokerage house services related to the sale of vacant land, and similar intermediation services involving buying, selling and renting, non-residential or residential, on a fee or contract basis 997224 - Real estate appraisal services on a fee/commission basis or contract basis This service code includes: - appraisal of residential buildings and land, non-residential buildings and land, and residential and non-residential vacant land on a fee or contract basis