Empanelment of CA Firm for Tax Consultant of Indian Institute of Engineering Science and Technology

Scope of Work

IIEST, Shibpur intends to engage a Tax Consultant having experience in handling various direct taxation including international taxation, indirect taxation, issues arising from time to time regarding Indian taxation. The Consultant shall provide consultancy services as per !he scope of work indicated below (The list is indicative and not exhaustive):

Direct Taxation:

(i) To advise/give written opinion relating to Income Tax. To keep aware and compute advance tax/self assessment tax/any other tax liability. To arrange for any Income Tax Clearance/Exemption Certificate, as and when required

(ii) Filling of Income Tax Return along with various disclosures / computation notes and all other matters that may be relevant with respect to the filing of the Income Tax Return of IIEST, Shibpur as per the Income Tax Act.

(iii) Preparation/ checking/ scrutinizing and filling quarterly TDS Returns, (including revised return(s) applicable to the Institute 011 regular basis. The number of deductee will vary from quarter lo quarter. Numbers of deductee for 24Q was 1800 and 26Q was 130 for Quarter one of 2021-22 and Numbers of deductee for 24Q was 1400 and 26Q was 600 for Quarter two of 2021- 22.

(iv) To prepare replies/submissions for assessment proceedings, appellate proceedings and any other income tax related proceedings/notices/letters/summons etc.

(v) Appearing before the appropriate Authority in connection with all assessment proceedings initiated by appropriate authorities even prior to the financial year 2020-2lincluding drafting /filing of replies and submissions, representation before the tax authorities for assessment proceedings, drafting/filing of submissions with tax authorities regarding rectification applications including any penalty proceedings as applicable, drafting/ filing the submissions for stay of any demand, review of orders etc.

International Taxation:

(i) Advice regarding applicability along with rate of TDS for foreign remittance to non-residents, foreign national etc., Filling of TDS return for stated purpose

(ii) Preparation and issue of Form 15CB certificate wherever necessary and filling of Form 15CA.

(iii) Appearing before the appropriate Authority in connection with all assessment proceedings initiated by appropriate authorities including drafting /filing of replies and submissions, representation before the tax authorities for assessment proceedings, drafting/filing of submissions with tax authorities regarding rectification applications including any penalty proceedings as applicable, drafting/ filing the submissions for stay of any demand, review of orders etc.

(iv) To provide consultancy services in any other work related to International Taxation.

Indirect Taxation:

(i) Preparation/ checking / scrutinizing returns before filing and scrutiny of the return with monthly Tax remittances made by IIEST, Shibpur during the respective half year.

(ii) Verification of monthly GST remittance as well as input credit Eligibility under Direct Charge as well as Reverse Charge of each Area and report the adequacy or otherwise in respect of provisions relating to GST Tax and consolidated GST Tax remittances;

(iii) Advising on issues related to GST including availing of input credit, Withholding tax and any other Tax related issues, including queries on tax matters, as referred to by the IIEST, Shibpur.

(iv) Preparation/ checking / scrutinizing and filling of monthly Returns (including Revised Returns) and scrutiny of Input Tax Credit claim of each Area.

(v) Assisting IIEST, Shibpur in classification issues and determining the rate of tax under the GST laws, Custom Law and other Indirect Tax laws as and when required.

General Terms and Conditions

The selection will be on the basis of eligibility criteria, past experience, credentials and suitability.

EMD:

(i) EMD of Rs.25,000/- (Rupees Twenty five thousands Only) in the form of demand draft in favor of Indian Institute of Engineering Science and Technology, Shibpur, payable at Howrah, to be submitted along with Technical Bid. Without EMD, tender will not be accepted.

(ii) EMD of the bidder will be forfeited if after opening of the tender, the bidder revokes tender or modifies bid.

(iii) EMD will be refunded to unsuccessful bidders.

(iv) EMD shall not carry any interest.

Performance Guarantee:

(v) The EMD of successful bidder will be converted into Performance Guarantee.

vi) The quantum of Performance Guarantee will be equivalent to one month’s remuneration or EMD amount, whichever is higher.

vii) If EMD falls short of PG amount, then shortfall amount will be retained from first month’s remuneration.

Eligibility Criteria

1. The Finn should have Chartered Accountants/ Cost Accountants engaged in providing services under Direct and Indirect tax laws.

2. The Finn should have an Office/Branch Office in Kolkata / West Bengal.3. Bidder shall have experience in the tax consultancy services for at-least 10 years or more.

4. Bidder shall have similar experience of rendering tax consultancy services in any of the last five years in PSU/Government Organization/ CFT is having Annual Revenue/ Turnover of more than Rs.20 crore.

5. Major clients served by the bidder organization in the past along with the present assignments enlisting the nature of work may be given.

6. The average annual turnover should be more than Rs.20 lakhs (excluding OST) for each of the last 3 financial years prior to the date of making applications.

7. The applicant should not have been black listed/debarred/ disqualified by any regulatory/ statutory body or Government entity or any International/National agency for corrupt or fraudulent practices.

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