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SAC CODE - 998515 : Long-term staffing (pay rolling) services
GST RATE ON SAC CODE - 998515 IS 18%
| SAC CODE | Description |
|---|---|
| 9985 | Support services |
| 99851 | Employment services including personnel search/referral service & labour supply service |
| 998515 | Long-term staffing (pay rolling) services |
Services Accounting Codes (SAC Codes) 998515 is used for the Long-term staffing (pay rolling) services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Support services.
How Services Accounting Codes (SAC Codes) 998515 - is Derived?
A uniform format is followed to generate the Service Accounting Code.
The first two digits are 99 always for services.
The next two digits 85 represent the major nature of service, Support services in this case.
The next two digits 15 represent the detailed nature of service, Long-term staffing (pay rolling) services in this case.
Explanation Of SAC CODE - 998515
This service code includes supplying personnel for extended work assignments
Note: Under the terms of this arrangement, the client may recruit the person or persons hired by the staffing firm and assigned to their place of work, or transfer a portion of their existing workforce to the staffing firm. Long-term employees are placed on the payroll of the staffing firm, which is legally responsible for their actions, but when working they are supervised by the client. This service includes labour leasing, staff leasing, employee leasing, extended employee staffing and payrolling. The services of Professional Employer Organizations (PEO's) are not included.
This service code does not include payroll processing services :- 998223