J&K SMALL SCALE INDUSTRIES DEVELOPMENT COROPORATION
LIMITED HAVING ITS HEAD OFFICE AT JAMMU (J&K) IS A
COMPANY INCORPORATED AND REGISTERED UNDER COMPANIES
ACT-1956. THE CORPORATION IS HAVING 20 EXECUTIVE UNITS C.

SCOPE OF WORK.

1. Undertaking GST audit of the accounts of the Corporation for the
financial year 2017-18, 2018-19 and 2019-20 under section 35(5)
of GST Act and rules made there under including certifying the
reconciliation statements on Form-9C prescribed under relevant
GST rules and norms given that the statutory audit under the
provisions of the Companies Act-2013 has not been done for the
said financial years. Necessary input in the statutory forms & its
filing/ uploading on the GSTN Portal shall be carried by the
Auditors’. This assignment shall culminate with the submission/
loading of audit report/ financial statements/ returns etc. on the
due date or extended due date of filing of the reports under GST
Law.

2. Conducting audit of accounts of the Corporation under section
44A-B of the Income Tax Act, 1961 for the financial year 2017-
2018, 2018-2019 and 2019-2020 GST Audit. The scope of the
audit, extent of verification and the type of reporting and
expression of opinion will be determined by the relevant standards
of auditing. In addition, the auditor will have to report on the
matters he is required to report under GST Act, 2017 and will have
to file GST compliances, GSTR-9 & GST-9C of 2017-18, 2018-19
and 2019-20 as prescribed under the GST rules. This assignment
shall culminate on the due date or extended due date of filing of the
reports under GST Act, 2017.
TERM AND CONDITIONS/PRE-QUALIFICTION CRITERIA

i. The Consultant should have experience of GST audit for any
Government Department/PSU/either Central or State Government
(Work completion certificate to be attached).

ii. The financial turnover of the bidder should exceed Rs.50.00 lacs
for any one of the last three financial years (2017-18, 2018-19,
2019-20. The bidder will attach CA certificate regarding turnover.

iii. The Consultant should be registered with the Institute of
Chartered Accounts of India where the relevant documents need to
be uploaded.

iv. The bidder/Partners of the firm signing the audit report should be
a fellow Member of ICAI having 10 years of experience as FCA
(where the required documents need to be uploaded).

v. Bidders must also upload the scanned copies of EMD and bank
receipt of cost of tender document.
The bidders who have already submitted tender fee for the said
work need not submit the tender fee again.
However, the bidder needs to attach the receipt/ proof of fee
submission along with other required documents and will ensure
their participation in the fresh tender document issued vide e-NIT
no SICOP 37AA FA of 2021 dated 31-05-2021

vi. The Chartered Accountant/Bidders hailing from outside the J&K
State should compulsorily have branch office in Srinagar/Jammu
(proof must be attached).

vii. The bidder will attach only valid documents as strictly stipulated
in the tender document.

viii. Sub Letting Of contract
The successful bidder will not sublet the job assigned and the
firm will not engage any of retired employee especially retired
employee of corporation w. s. r to J&K SICOP.
Successful bidder will discuss all the issues pertaining to with
MD, FA/CAO or other employee of the corporation duly
authorised by the competent authority.
Norms laid down in the tender document and the standard set
by ICAI shall be strictly adhered and any departure shall invite
penalty and black listing of firm.
ix. Responsiveness
Successful bidder will ensure that he will respond on prompt
basis and co-ordinate in the best possible way

x. Extension of Contract
Extension of contract can be done for another year after review of
the performance by the MD, FA/CAO.

xi. Black Listing of firms and forfeiting of FDR
In case of any deviation from the laid down norms be ICAI and
conditions mentioned in Tender Document. The successful bidder
shall be blacklisted and his case of deviation shall be taken up with
ICAI for necessary action and FDR shall be forfeited.

xii. Security Deposit
2% of the quoted rate shall he submitted as security deposited in
the form of FDR/CDR which should be unconditional/ irrevocable
for a period of one year.

xiii. EMD
EMD Shall be released after the declaration of L1 and acceptance
of LoI by L1.

Note:-

If the bidder fails to qualify for all or any one of the above-
mentioned criteria, he shall be liable to be disqualified at
technical bid evaluation stage and financial bid of such bidder/
disqualified bidder shall not be opened.
OTHER TERMS AND CONDITION

i. The GST has to be finalized at Head office JK SICOP Jammu/
Srinagar.

ii. The appointment of the selected persons/ firms may be
terminated at the discretion of the Corporation if the
performance of the selected person/ firm is not found
satisfactory (Viewed as such by the Corporation, appropriate
authority).

iii. The chartered accountant should quote the fee inclusive of GST
wherever applicable separately for all the items mentioned in
BOQ, in the financial bid document.

iv. The fee for audit assignments mentioned at para (i) shall be paid
after culmination of assignment.

v. TA/DA shall be paid extra on actual basis subject to production
of vouchers in respect of visits specifically undertaken for the
assignments within UT of J&K.

vi. The cost of bidding documents must be credited in the following
account through cash, RTGS/NEFT and proof of the same must
be uploaded along with the pre-qualification documents.

vii. EMD of Rs. 10000/ must be pledged to FA&CAO JKSICOP ltd.

Name of the Bank J&K Bank Limited.
Branch Rail Head Complex Jammu.
Title of Account: Managing Director
A/c Type Current
A/c No. 0022020100000001
IFSC Code JAKA0ERAILH
OFFICE OF THE FA/CAO J&K SICOP LTD.

e-NIT No: SICOP 37AA-FA of 2021 dated: 31-05-2021.

For and on behalf of Managing Director J&K SICOP Ltd. e-Tenders are invited
from the Registered and Experienced Chartered Accountants as per the details
given here under: -

S.No. Name of Work Engagement of GST
consultant.

1 Number of covers Two
10000/(ten thousand only)
2 Earnest money deposit (pledged to 500/- (Five Hundred only)

financial controller JK SICOP)

3 Cost of tender document

4 Date of Issue of Tender Notice 31.05.2021 (1400 HRS)

5 Date and time of publishing of NIT online 31.05.2021 (1400 HRS)

6 Date and time of submission of bids online 31.05.2021 (1400 HRS)

7 Last date and time of submission of bids 09.06.2021 (1500 HRS)

online

8 Date of opening of Technical bids online 10.06.2021 (1200 HRS)

9 Date of opening of financial bids To be notified separately.

ARBITRATION

The Arbitration & conciliation Act,1996 [26 of 1996] as amended by
the Arbitration & conciliation (Amendment) Act, 2015 [3 of 2016].

LAWS GOVERNING THE CONTRACT

The Contract shall be governed by the laws of the land.

COURTS JURISDICTION

In case of any dispute/ differences between the consultant and the
Corporation the jurisdiction shall be within J&K State only.

Sd/-
Divisional Manager (F)

JK SICOP
Standard format for submission of financial bid

S.No Particulars of assignment Amount (in Rs)

1. Professional fee for GST Audit for

the year 2017-18, 2018-19 and TO BE QUOTED ONLINE

2019-20

NOTE:
1. The Minimum bid prices for GST Audit for three years is Rs. 1.50 lacs
(Inclusive of all Taxes) as per ICAI Norms viz (2017-18, 2018-19 and
2019-20.)

2. Fee must be quoted in Numbers as well as words. In case of variation
between the two, Fee quoted in words shall be final .

3. Professional fee shall be inclusive of all office expenses, out of
pocket expenses, cost of producing documents.

4. The Corporation will not be required to pay and / or reimburse anything
over and above the contract price except travelling expenses which
may be paid on actual basis subject to production of
tickets/Vouchers within UT of J&K.

5. The offer shall be inclusive of all taxes including GST.

6. In case of tie up the firm having maximum partner in offices in UT shall
be given first preference.

Signature Not Verified

Digitally signed by JAMEEL AHMAD
Date: 2021.05.31 13:05:25 IST
Location: Jammu and Kashmir-JK