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SAC CODE - 998516 : Temporary staffing-to-permanent placement services
GST RATE ON SAC CODE - 998516 IS 18%
| SAC CODE | Description |
|---|---|
| 9985 | Support services |
| 99851 | Employment services including personnel search/referral service & labour supply service |
| 998516 | Temporary staffing-to-permanent placement services |
Services Accounting Codes (SAC Codes) 998516 is used for the Temporary staffing-to-permanent placement 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) 998516 - 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 16 represent the detailed nature of service, Temporary staffing-to-permanent placement services in this case.
Explanation Of SAC CODE - 998516
This service code includes supplying of personnel for temporary employment with the expectation of permanent work at the end of a trial period with the client
Note: The employee remains on the payroll of the temporary help staffing firm until the hiring decision is made at which time he or she becomes an employee of the client or, if not, returns to the temporary help staffing firm. This service may include training, counselling, assessment, and resume upgrading.