THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)
12, SUDDER STREET, KOLKATA – 700 016
TELEPHONE :2252-1031/34/35
033 6453 4121
2252-1602/1492
2252-1619/7373
2252-7143/2204
Fax: 91-33-22522872/22521026
91-3322527993/22521723 Website: www. icmai.in
REQUEST FOR QUOTATION
The Institute of Cost Accountants of India invites quotations from CMA/ CA firms for conducting GST audit for the F.Y. 2017-18, (22 GSTINs) as per the details below:-
SCOPE OF AUDIT
a. Auditor will be required to issue GST audit report including requisite reconciliation and certifications of specific, incidental and ancillary records as per requirements of GST legislation or any other authority and as per the timelines fixed for timely compliance of GST legislation.
b. Audit report shall also be filled electronically as per the provision of GST laws by the appointed firm/LLP. In connection with the above audit, guidelines issued by the Institute of Chartered Accountants of India and/or Institute of Cost Accountants of India, If any shall be followed by the auditors.
c. GST auditors shall apply their expertise in bringing out the deviations and irregularities and provide support in streamlining the activities.
ELIGIBILITY CRITERIA
1. The firm should have at least 2 partners (Cost Accountants/ Chartered Accountants).
2. The firm should be in existence for at least 05 (five) years. At least 02 (two) partners should have experience of 05 (five) years.
3. The firm should have experience of internal/statutory audit of at least two organizations with turnover/gross income of more than Rupees Ten Crores in last two years.
4. Quotation for conducting the work as per scope mentioned above in the format enclosed.
5. A Firm will not be eligible for empanelment if any of its partners or staff (as a related party defined in Company’s Act 2013) is/was associated as an office bearer in any Managing Committee of Chapter/Regional Council/Central Council of the Institute for the last years. A declaration confirming such non association should be given by the partner along with the application for empanelment.
Self Attested documents i.e. latest certificate of the firm issued by Institute of Cost Accountants of India / Institute of Chartered Accountants of India in support of the above criteria may be enclosed.
Quotation not accompanied with requisite documents shall be summarily rejected.
The sealed envelope containing quotation should be super scribed “QUOTATION FOR APPOINTMENT OF GST AUDITOR FOR THE FY 2017-18”. Quotation shall be sent by registered A.D post or delivered by hand latest 29th May 2019 at 5 PM. At The Institute of Cost Accountants of India, CMA BHAWAN, 12 Sudder street, Kolkata – 700016. For any late receipt/wrong delivery the Institute will not be liable. In case of any dispute or quotation of equal amount by parties, decision of the Institute shall be final and binding upon the parties. Institute reserves the right to accept or reject any/all tenders without assigning reason thereof.
Details of Quotation given below:-
Last date & Time for submission of quotations: 29.05.2019 at 5.00 pm
Encl: Annexure I & II
CMA Soma Banerjee
HOD (Finance)
Dated 20th May, 2019
Kolkata
Terms & Conditions
ANNEXURE – I
| 1. | Description of Service | GST Audit for FY 20017-18 of the Institute of Cost Accountants of India to be conducted in Kolkata. |
| 2. | Scope of Work | a. Auditor will be required to issue GST audit report including requisite reconciliations and certifications of specific, incidental and ancillary records as per requirement of GST legislation or any other authority and as per the timelines fixed for timely compliance of GST legislations.
b. Audit report shall also be filed electronically as per the provisions of GST laws by the appointed firm/LLP. In connection with the above audit, guidelines issued by Institute of Chartered Accountants of India and/or Institute of Cost Accountants of India, if any shall be followed by the auditors. c. GST auditors shall apply their expertise in bringing out the deviations and irregularities and provide support in streamlining the activities. |
| 3. | Fee | Fee should be quoted separately on the basis of taxable turnover as per Form GSTR -9 for FY 2017-18 for each GSTIN (excluding GST). |
| 4. | Selection Criteria | As mentioned in the main sheet of request for quotation. |
| 5. | Delivery | The audit report as per scope must be submitted within 15 days of award keeping in view the timeline fixed for timely compliance of GST legislation. |
| 6. | Payment | 1OO% Payment will be released to the successful bidder on completion of the Audit work and acceptance thereof by the centre. Provide details for releasing the payments
1. Name and Address of Bank 2. Pan No…. 3. IFSC Code of the branch 4. Type of Account 5. Account No |
Signature of partner with full address of the firm & with rubber stamp
Telephone No …………………………………………………….
ANNEXURE – II
| SL NO | PARTICULARS | FEES (EXCL. GST) |
| 1. | Fees for conducting GST audit for the FY 2017-18 as per the scope mentioned in annexure –I (i) Turnover up to Rs.10 Lakh (ii) Turnover more than Rs.10 Lakh up to Rs.1 Crore (iii) Turnover more than Rs. 1 crore |
NOTE: NO OTHER EXPENSES SHALL BE REIMBURSED.
Previous notice for EOI published on 20.05.2019 is hereby withdrawn.
Signature of partners with full address of the firm
& with rubber stamp
Telephone No ……………………………….
