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SAC CODE - 998514 : Temporary staffing services

GST RATE ON SAC CODE - 998514 IS 18%


SAC CODE Description
9985Support services
99851Employment services including personnel search/referral service & labour supply service
998514Temporary staffing services

Services Accounting Codes (SAC Codes) 998514 is used for the Temporary staffing 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) 998514 - 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 14 represent the detailed nature of service, Temporary staffing services in this case.

Explanation Of SAC CODE - 998514

This service code includes supplying personnel for temporary work assignments

Note: The temporary staffing firm hires its own employees and assigns/supplies them to clients to support or supplement the client's workforce in work situations such as employee absences, temporary skill shortages, seasonal workloads, and special assignments and projects. The employees are on the payroll of the temporary staffing firm which is legally responsible for their actions, but when working they are under the direct supervision of the client. The temporary staffing firm specifies the pay, benefits, etc. of the employee.

FAQs on SAC Code 998514

What is SAC Code 998514?

SAC Code 998514 refers to "Temporary staffing services" under the Services Accounting Code (SAC) system for services under GST. It falls under the heading "Support services".

What is the GST rate applicable on SAC Code 998514?

The GST rate for SAC Code 998514 is 18%. GST rates are subject to change based on government notifications.

Which services are covered under SAC Code 998514?

This service code includes supplying personnel for temporary work assignmentsNote: The temporary staffing firm hires its own employees and assigns/supplies them to clients to support or supplement the client's workforce in work situations s…

Is SAC Code 998514 the same as HSN Code 998514?

No. SAC codes are used for services, whereas HSN codes are used for goods. Since services fall under GST Chapter 99, SAC codes are sometimes informally referred to as HSN codes in common searches.

How is SAC Code 998514 derived?

SAC codes follow a structured format: the first two digits (99) indicate services, the next two digits represent the major service category "Support services", and the last two digits specify the detailed nature of the service "Temporary staffing services".

Where can I verify the latest GST rate for SAC Code 998514?

You can verify the latest and applicable GST rate from the official CBIC website at https://www.cbic.gov.in.

Disclaimer: The information provided above is for general reference only. SAC descriptions and GST rates are subject to change based on notifications issued by the Government of India. Users are advised to verify the latest and applicable details from the official CBIC (Central Board of Indirect Taxes & Customs) website.