NATIONAL TEXTILE CORPORATION LIMITED (NTC)
A GOVERNMENT OF INDIA UNDERTAKING
NOTICE INVITING APPOINTMENT OF CHARTERED ACCOUNTANTS / COST
ACCOUNTANTS FOR GST AUDIT OF NTC FOR THE YEAR 2017 -18
NTC wishes to appoint Chartered Accountants /Cost Accountants for GST Audit for the
year 2017-18.
Interested Firms with requisite experience may submit their bids latest by 27.09.2018,
3:00 P.M. at the following address:
Chief General Manager (MIS/Finance), National Textile Corporation Limited, 6th Floor,
Core IV, SCOPE Complex, 7, Lodhi Road, New Delhi 110003, Tele: 011-24360939,
Fax: 011-24361112
Tenders will be opened on 28.09.2018 at 03:00 P.M. at the above mentioned address.
Detailed Scope of Work, PQ Criteria and other details are available at www.ntcltd.org &
eprocure.gov.in/epublish/app.
Addendum / Corrigendum, if any, to the tender document will be published only on
NTCL website and CPP Portal.
Chief General Manager (Finance/MIS)
***************
National Textile Corporation Limited, (NTC) is a schedule "A" public sector company
under the ambit of Ministry of Textiles, Government of India, engaged in production of
yarn and fabric through its 24 mills in operation, located all over India with 8.2 lac
spindles and 408 looms producing around 600 lac kgs of yarn and 250 lac meters of
fabric per annum.
Company wants to appoint GST Auditor for the Financial Year 2017-18 for all of its
locations.
List of GSTINs of NTC and respective turnover is attached at Annexure A.
SCOPE OF WORK
GST Audit under Section 35 (5) of CGST Act, 2017 r/w Rule 80 (3) of CGST Rules,
2017
A. Examination of Records (Documentation Audit)
1. Documents issued by the company
· To check whether the documents have been issued as per GST Law on test
basis
2. Documents received from Vendors
· To check whether the company has received the documents from vendor as
prescribed under GST law for different types of transactions on test basis.
B. Checking of registration details/certificate
· To check whether the details of all business places have been declared in RC
properly viz. one place as Principal Place of Business and rest as Additional
Places of Business.
· To check whether the details of top five goods/services dealt with have been
declared in RC properly.
· To check whether other details required to be declared have been properly
shown.
C. Checking of Input tax Credits (ITC)
1. Availment of ITC
To check whether required conditions for availing ITC fulfilled i.e.:
· The ITC can be availed only on the basis of valid document issued by the
supplier.
· Actual receipt of the goods and/or services.
· The tax charged has been actually paid to the account of the appropriate
Government by the vendor.
· Return has been furnished by the company.
· Valid return has been filed by the vendor.
· ITC has been availed after the receipt of last installment/lot in case goods are
received in multiple installments/lots.
· ITC has not been claimed in advance prior to supply of goods/ services.
· Payment of both value + tax for goods or service procured have been paid within
180 days of invoice date by the vendor
· The date of invoice must not be beyond 365 days of date of availment.
· Proportionate ITC allowed to the extent used for business purpose.
· No ITC allowed if Depreciation claimed on tax component of Capital Goods.
· ITC is not available on 'Negative list items u/s 17(5) of CGST Act, 2017
· 100% ITC can be availed in 1st year on procurement of all eligible goods and
services.
2. Utilization of ITC
· Check whether ITC has been utilized in the following manner:
ITC Balance 1st preference 2nd preference 3rd preference
CGST CGST IGST -
SGST SGST IGST -
IGST IGST CGST SGST
· To check ITC mismatches report and check its reconciliation
D. Examination of Returns
To verify the correctness of turnover declared, taxes paid, refund claimed, ITC
availed etc.
· Examine deductions and exemptions claimed under the respective legislations
· Review of set off/input tax credit claimed under the respective SGST, CGST,
IGST laws including providing recommendations with respect to reversal of
ineligible credit availed, if any
· Checking whether correct rate of tax is applied on services/goods provided on
test basis
· Checking whether debit note/credit note is claimed as per the law
· Checking whether local/inter-state service provided/ goods sold are correctly
recorded in the books of accounts including exempt supplies, nil rated supplies,
non-taxable supplies separately, if any
· Identifying the service recipient/goods customers whose GSTIN is either incorrect
or not available and segregate as "Unregistered"
· To check if any details/information is missed to be declared
· Validate the data viz. turnover declared, taxes paid, refund claimed etc. filled up
in the return form with the trial balance/books of accounts
E. Audit report & Reconciliation Statement
· To draft audit report and review reconciliation statement in the Specified format
· To discuss the findings with the management
· To finalise the findings
· To sign the audit report and reconciliation statement
· To arrange to file it electronically
F. Any other services which may be required for necessary compliance
Evaluation Criteria:-
Evaluation will be based only on location wise (GSTIN wise) L1 quoted rates.
OTHER DETAILS
1. Chartered Accountants/Cost Accountants can apply for GST Audit of one or more
locations (GSTINs).
2. Chartered Accountants/Cost Accountants need to submit location wise (GSTIN wise)
separate quotes if applying for more than one locations (GSTINs).
3. In case of multiple L1 quotes, work will be allotted to most experienced L1 party.
4. NTC will not reimburse any TA/DA/Lodging/Boarding etc.
5. Auditors have to submit their report to NTC Head Office on or before 30.11.2018.
6. Each page of the bid should be numbered and signed.
7. Bids are valid for 30 days from the opening of the Financial Bid.
8. NTC reserves the right to accept or reject any or all offers without assigning any
reasons thereof.
9. Only courts at New Delhi shall have the jurisdiction to decide or adjudicate on any
matter, which may arise.
10. Each Chartered Accountant/Cost Accountant shall submit the copy of valid certificate
of Practice etc required to conduct GST Audit along with duly filed with Annexure
B.
ANNEXURE - A
July, 2017 to March, 2018
(Rs. in Lakhs)
Tax on Outward Supply Total ITC Availed ITC Utilised
Value Of
State/Location GSTIN Inter State Intra State Inter State Intra State Inter State Intra State
goods Sold
IGST CGST SGST IGST CGST SGST IGST CGST SGST
Delhi 07AAACN2847D1ZQ 3,689.79 148.65 84.05 84.05 22.82 170.19 170.96 22.82 170.19 116.93
Haryana 06AAACN2847D1ZS 136.77 2.24 2.40 2.40 8.53 0.02 0.02 6.82 0.02 0.02
UP 09AAACN2847D1ZM 33.89 0.23 0.75 0.75 2.22 0.95 0.95 0.37 0.68 0.68
Chandigarh 04AAACN2847D1ZW 27.82 0.28 0.56 0.56 1.70 0.11 0.11 1.17 0.11 0.11
Rajasthan 08AAACN2847D2ZN 112.54 0.54 2.75 2.75 7.42 2.23 2.23 2.21 1.91 1.91
HP 02AAACN2847D1Z0 4.08 - 0.10 0.10 0.74 0.04 0.04 0.13 0.04 0.04
J&K 01AAACN2847D1Z2 - - - - - - - - - -
Punjab 03AAACN2847D2ZX 66.02 1.28 1.01 1.01 2.67 1.88 1.88 2.29 0.51 0.51
Gujarat 24AAACN2847D1ZU 4,392.60 83.55 68.28 68.28 164.94 36.16 35.26 153.84 33.41 32.51
MP 23AAACN2847D1ZW 12,517.40 934.13 136.07 136.07 538.36 233.02 145.86 538.36 233.02 145.86
Maharashtra 27AAACN2847D1ZO 14,060.21 311.77 509.52 509.52 121.48 651.84 567.69 121.48 607.18 494.38
Orissa 21AAACN2847D1Z0 17.79 - 0.44 0.44 0.81 1.51 1.51 0.03 0.43 0.43
West Bengal 19AAACN2847D1ZL 2,298.29 0.56 57.17 57.17 72.48 59.28 59.28 4.85 55.03 55.03
Assam 18AAACN2847D1ZN 13.49 0.37 0.15 0.15 0.59 0.44 0.44 0.34 0.16 0.16
Bihar 10AAACN2847D1Z3 146.98 0.01 3.67 3.67 3.36 0.43 0.43 3.36 0.43 0.43
Jharkhand 20AAACN2847D1Z2 - - - - - - - - - -
AP 37AAACN2847D1ZN 682.25 68.54 0.51 0.51 62.63 17.28 1.58 50.40 17.03 1.30
Karnataka (Non SEZ) 29AAACN2847D3ZI 107.40 0.11 7.49 7.49 6.92 0.16 0.16 6.92 0.16 0.16
Kerala 32AAACN2847D6ZS 15,977.59 1,695.48 6.25 6.25 1,275.53 136.66 14.88 1,275.53 136.66 14.88
Puducherry 34AAACN2847D1ZT 2,637.61 342.55 0.00 0.00 222.87 27.70 1.73 222.64 26.95 0.98
Tamil Nadu 33AAACN2847D2ZU 26,036.86 2,111.31 188.49 188.49 1,436.20 399.89 134.31 1,436.20 399.89 134.31
Telangana 36AAACN2847D1ZP 24.50 0.02 0.61 0.61 0.64 0.06 0.06 0.57 0.06 0.06
Total 82,983.89 5,701.61 1,070.29 1,070.29 3,952.90 1,739.85 1,139.38 3,850.31 1,683.87 1,000.69
Domestic
Third Party Direct
State/Location GSTIN Tariff Area
Export Export
Sales
Karnataka (SEZ) 29AAACN2847D1ZK 820.83 1,710.41 2,784.58
Annexure B
Name of the
Chartered Registration Address, Email ID
Experience Fees Location (GSTIN)
Accountant/Cost Number and Contact Details
Accountant
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