Empanelment of CA Firm for Income Tax Compliance of State Bank of India

Overview

State Bank of India is India’s largest bank having its branches spread across India. The Bank also has presence in 32 countries across the globe. The Bank offers wide range of products and services to both Corporate and Retail Customers. The Bank also has one of the largest networks of ATMs spread across all geographical locations. The Bank also provides services to its customers through alternate channels such as Internet Banking, Debit Cards, Mobile Banking, etc.

To expand its reach further, the Bank is also forging ahead with cutting edge technologies and innovative new banking models.

Invitation

The Bank invites Proposals (the “Proposals”) for selection of tax consultant who shall assist the Bank in compliance with income tax related provisions, as detailed in Terms of Reference (TOR).

The applicant desirous of taking up the project are invited to submit their technical and commercial proposal in response to this RFP in a manner as mentioned in Para 12 of this document. The criteria and the actual process of evaluation of the response to the RFP and subsequent selection of the Successful Consultant (SC) will be entirely at Bank’s discretion. The applicants should have necessary experience, capability and expertise to perform, as per the scope of work and to meet the Bank’s requirements / terms and conditions outlined in the RFP. The RFP is not an offer by State Bank of India, but an invitation to receive responses from the applicants. No contractual obligation whatsoever shall arise from the RFP process unless and until a formal contract is signed and executed by duly authorized official(s) of State Bank of India with the Successful Consultant.

Miscellaneous Terms & Conditions

1. Until the Contract is prepared and executed, this offer together with Bank’s written acceptance and notification of award shall constitute a binding contract with the consultant.

2. State Bank of India is not responsible for non-receipt of bids within the specified date and time due to any reason including postal delays or holidays.

3. The Bank also reserves the right to alter / modify any / some / all of the requirements, as it may deem necessary, and notify the same on its website https://bank.sbi/ before the last date for submission of response under this RFP. The Applicants should be agreeable for the same.

4. Bids not conforming to the requirements of the RFP may not be considered by SBI. However, SBI reserves the right, at any time before last date of submission of Technical & Commercial proposal, to waive any of the requirements of the RFP, if in the sole discretion of SBI, the best interests of SBI would be served by such waiver.

5. SBI shall have the right to cancel the RFP process at any time prior to award of contract, without thereby incurring any liabilities to the affected Applicant(s). Reasons for cancellation, as determined by SBI, in its sole discretion, may include but are not limited to, the following:

i. Services contemplated are no longer required.

ii. Scope of work were not adequately or clearly defined due to unforeseen circumstance and / or factors and / or new developments.

iii. Proposed fees are unacceptable to the Work.

iv. The Project is not in the best interests of SBI.

v. Any other reason.

6. The Applicants shall be responsible for all of costs associated with the preparation of their Proposals and their participation in the Selection Process including subsequent negotiation, visits to the Bank, etc. The Bank will not be responsible or in any way liable for such costs, regardless of the conduct or outcome of the Selection Process.

7. SBI reserves the right to verify the validity of bid information and to reject any bid where the contents appear to be incorrect, inaccurate or inappropriate at any time during the process of RFP or even after award of contract.

8. All pages of RFP should be stamped and signed by Authorized Signatory of the Applicant and to be submitted with the bids.

9. Bank may choose to take an undertaking from employees of the consultant to maintain confidentiality of the Bank’s information / documents etc. Bank may seek details / confirmation on background verification of consultant’s employees, worked / working on Bank’s project as may have been undertaken / executed by the consultant. Consultant should be agreeable for any such undertaking / verification.

10. The applicant consultant will have to treat arrangement under this RFP separate and exclusive of any other arrangement it may have at present or in future. There should be a separate team for this arrangement and overlapping of resources will not be permitted.

To Read More Download PDF Given Below: