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Temp hiring numbers surge as GST helps formalise economy
As a result, organised temporary staffing became the much-needed enabler for corporate India, said Rituparna Chakraborty, cofounder, Team-Lease Services. Before GST was rolled out on July 1 last year, unorganised and unregistered staffing companies had a pricing advantage because they didn't charge service tax. The number of new temp jobs is likely to touch 300,000, up from 130,000 last year, they estimate. In fact, they are in an advantageous position visa-vis these unregistered players, said Waman Parkhi, partner, indirect tax, KPMG.
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