Invitation of Applications for Appointment of GST Auditor for Financial Year 2018-19

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Team Studycafe | Feb 12, 2020 | Views 1380707

Invitation of Applications for Appointment of GST Auditor for Financial Year 2018-19

Invitation of Applications for Appointment of GST Auditor for Financial Year 2018-19

1. Introduction:

Bharat Heavy Electricals Limited (BHEL, hereinafter referred to as Company) is a Maharatna PSU under the Ministry of Heavy Industries, Government of India. Heavy Electrical Equipment Plant (HEEP) of the Company located at Hardwar is involved in the Design, Manufacture, Supply and Repair of a wide range of products including Turbines, Generators, Condensers, Motors, and SRGM etc. For the Power, Industry and other vital sectors of the Economy.

BHEL, HEEP, Ranipur, Hardwar – 249403, as the Nodal Agency of BHEL for Uttarakhand State is required to appoint an audit firm to carry out GST Audit under Sec.35 (5) of The CGST Act, 2017 read with Rule 80 of CGST Rules, 2017.

The details of the Principal Place of Business and Additional Place of Business covered under the Uttarakhand GSTIN of BHEL are as follows: –

2. Scope of Work:

The broad scope of work would be:

To conduct GST audit of the BHEL Uttarakhand, GSTIN 05AAACB4146P1ZL for the F.Y. 2018-19 as per section 35(5) of the CGST act, 2017 & 44 (2) of the CGST Act, 2017 read with Rule. 80(3) of GST Rules (as amended from time to time) of principal place of business and additional place of business, as mentioned above and submission/e-filing of GST Audit Report along with reconciliation statement as required under the said provisions so as to enable the company fulfil the given statutory requirement well within the prescribed due date. If necessary for assignment, auditor may have to visit
additional places of business in connection with the audit.

Invitation of Applications for Appointment of GST Auditor for Financial Year 2018-19

3. Qualifying Criteria:

The bidder should meet the following technical requirement to qualify technically for the bid.

All the documents submitted should be self-attested with seal.

4. Payment terms:

4.1. Bidders have to quote the total price of Audit assignment inclusive of out of pocket expense.

4.2. The fee quoted shall state the fee and taxes applicable with present rate (Taxes applicable will be paid as per rate prevailing at the time of actual payment). GST will have to be quoted separately in the invoice. All out of pocket expenses and travelling expenses which may be incurred by the GST Auditor and/or its officials in connection with the Contract shall be borne and payable by the GST Auditor. However, lodging and boarding during the Audit duration shall be provided by BHEL.

4.3. Payment will be made after deducting tax deductible at source as per applicable tax laws.

4.4. The Fees shall be subject to deduction of penalties and applicable GST thereon if any, levied on the GST Auditor by the BHEL Haridwar in accordance with the provisions of this Agreement. All payment of Fees shall be made after deduction of the applicable taxes if any and payment shall be made in Indian Rupees only.

4.5. All undisputed payments shall be made by the BHEL by direct credit to the GST Auditor’s Account through NEFT/RTGS payment mode, within 30 working days of the date on which the payments fall due in respect of an undisputed invoice or within 30 days of receipt of undisputed invoice, whichever is later.

4.6. The Commercial proposal shall not include any conditions attached to it. Any such conditional Commercial proposal shall be liable for rejection.

4.7. The reasons like non-familiarity with the GST site conditions and/ or existing IT infrastructure will not be considered as a reason for any delay or extra claims whatsoever.

4.8. Necessary payments in relation to the Audit assignment shall be made on completion of the audit in accordance with the provisions of the GST Act and to the satisfaction of the BHEL.

5.0 Penalty

Any loss caused to BHEL Hardwar or claims made against BHEL Hardwar owing to non-performance of the Services by the Successful Bidder as per the Contract, or noncompliance of regulatory guidelines, will attract penalty to the extent that the claim is made against BHEL Hardwar. The BHEL, Hardwar reserves the right to recover this amount from any dues payable or accrue to the Successful Bidder in future in any form.

6.0 Evaluation Criteria:

6.1 Price bid of those bidders will be opened who will qualify based on qualifying criteria specified in para 3 above.

6.2 Bidders have to quote the total price of Audit assignment inclusive of out of pocket expense or any other charges except GST.

6.3 The work will be awarded to the bidder who will quote lowest fees excluding GST.

6.4 In the event of tie amongst the bidder, work will be awarded by way of lottery.

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