PDG DEPTT HEAD OFFICE NARWAL, JAMMU '/FAX: 2490500 E-Mail

PDG DEPTT HEAD OFFICE NARWAL, JAMMU '/FAX: 2490500 E-mail:

------Ref.No:-ADV/JKGB/2017/-2389 Date: 21.07.2017

J&K Grameen Bank invites applications from the CA Firm/Chartered Accountant for Professional services with regard to Goods & Services Tax & Income Tax Compliances. Applicants are requested to visit our website www.jkgb.in for scope of work & eligibility criteria of CA Firms/CA. Eligible CA Firms/CA may apply through email at: , on or before 26/07/2017. For further detail contact us at 9797127377, 9815486146.
Chief Manager, PDG

Annexure “I” Date :21/07/2017

Eligibility Criteria of GST & Income Tax Consultant:

The Applicants should fulfill the following eligibility criteria:

Sr. No. / Eligibility Criteria / Documents to be submitted
(i) / The Applicant should be registered with ICAI and
In case of firm, practicing continuously in India for the last 5 Years as on 31-03-2017.
In case of Individual CA, practicing continuously in India for the last 5 Years as on 31-03-2017 / Certified copy of Registration certificate with Institute of Chartered Accountant of India
(ii) / The firm/CA should not have been banned/ declared ineligible for corrupt and fraudulent practices by the Govt. of India/ State Governments/ RBI / ICAI and should not have any disciplinary proceedings pending against the applicant firm/CA or any partners with ICAI/RBI. / Self Declaration
(iii.) / In case of Firm, firm should have minimum 2 Chartered Accountants. All qualifying partner and qualifying employee must be associated with the firm as on or before 31.03.2017 and continuously thereafter / Constitution certificate of ICAI/ Self certification with the CAs and their positions in Firm.
(iv) / CA / CA Firm should have experience of at least of 5 Years in Tax, Statutory or Concurrent Audit of Schedule commercial Banks. / Copy of Certificate from the Concerned Banks
Note.: The decision of the Bank shall be final and binding to all applicants with regard to appointment & period of appointment of GST & Income Tax Consultant of the Bank.

Annexure “II” Date : 21/07/2017

Scope of Work with respect to GST Consultation

The objective of this assignment is to work with the Bank in implementation of Goods and Services Tax (GST) as well as effective administration, monitoring and providing support and required changes to the IT Department of the bank/Software developers for the bank thereof so as to make the Bank as fully GST compliant.

Scope of the Assignment:

1. Study the existing system, policies and procedures on indirect tax structure of the Bank and submit report about impact on pricing and margin etc.

2. Perform proper and full GAP analysis.

3. Review, analyse GST implications, identifying potential risks and make changes in operating structure and business transactions under Indirect Tax Structure and other KYC norms and all other documents required & record maintained.

4. Develop suitable Management Information Systems (MIS) requirements for full compliance with GST/IGST/SGST/UGST laws/rules/notifications.

5. Coordination with the software developers/vendors to ensure that the software developed is in full compliance with GST/IGST/SGST laws/rules/notifications and takes the existing data from CBS and provides the data in the format required to be uploaded in the GSTN with required validations.

6. Should ensure only very minimum changes in the CBS system. The consultant should work and coordinate with the software vendor selected to modify and customize the proposed application software package so that Bank will comply with full GST compliance.

7. Validation of Software developed by the Bank/ the vendor to suit the requirement of the bank for GST/IGST/SGST/UGST compliance.

8. Working with Taxation section and guiding concerned sections and wings.

9. Study all the functional departments with respect to compliance under GST/IGST/SGST and provide the necessary changes required in the contracts/documents etc of the respective departments including notification to be issued to the clients / vendors / contactors / customers / B2B/B2C customers.

10. Designing and working with Bank in identification of transaction and the valuation of such transaction which attract GST/IGST/SGST even without consideration such as inter-branch transactions, Centralized function of the Bank at HO, Centralized processing units, Clearing etc.

11. Setting the proper system for accounting of such valuation between branches and taking up of input credit on the same by the respective branches.

12. Provide input in terms of required technological changes for capturing required data for the purpose of compliance.

13. Advise and provide the required system to the top management for compliance under anti profiteering measures proposed under GST/IGST/SGST.

14. Assist on transitional provisions & registration of the bank on GST Portal.

15. Provide/guide/advise/review and filing of GST returns/audit requirements.

16. Providing need based training to the concerned staff at all levels including Head office Departments, Zonal Offices and Branches and other functionaries identified by the Bank.

17. Provide inputs for modification of user manuals to the satisfaction of the Bank and assist in preparation of relevant Policies.

18. Assist the Bank in filing of all returns, payment of the Taxes, Availment of the input credits and filing annual Returns Bank up to his/her period of appointment. The Consultant shall be required to closely monitor and provide all the required inputs to Bank to this effect.

19. Provide Opinions/comment/clarification on queries raised by the Branches/Offices.

20. Validation of monthly payment of GST/IGST/SGST and claim of input credit and filing of periodical returns etc.

21. Assistance in Audits up to the period of appointment. Work with the Bank and formulate suitable system on valuation and taxability on various income streams such as interest charges, commissions and all other type of services with respect to GST/SGST/IGST.

22. Work with the Bank and formulate suitable system on valuation and taxability of import and export of services; availment of Input tax credit of various input services utilized /goods purchased by the Bank;

23. Work with the Bank and formulate suitable system on valuation and taxability of Forex transactions/interbank transaction/actionable claims/ securities and derivative transactions/ Exchange of Foreign currencies and such other transaction required/dealt with under proposed GST/IGST/SGST laws.

24. Work with the Bank and formulate suitable system in respect of accounting of GST/SGST/IGST/ Output and input credit including reconciliation of the same

25. Guidance and review of various circulars and other notifications to the circles/branches in respect of GST/IGST/SGST and related matters;

26. To provide any other advice to the Bank on any other GST/IGST/SGST related issues sought by the Bank.

27. To advise the Bank in amendment of existing software or development of new functionality or software, if required, to comply with GST and all relevant Rules and Provisions with respect to GST including but not limited to Place of Supply of Service Rules, Point of Taxation Rules, Valuation Rules, etc.;

28. Put in place necessary checks to ensure integrity of data being received at the centralized platform;

29. Guidance for developing necessary tools for review, monitoring, reporting and compliance with reports required in GST regime.

30. To continuously review the systems and software for ensuring compliance with GST requirements.

31. To advise the Bank about accounting system & ledgers to comply with GST Rules;

32. Advice on the key documents and records to be maintained by the Bank, with a view to make a transition from the present indirect tax regime to the GST regime.

33. Reviewing the results of the User Acceptance Testing (UAT) or end user testing to enable to comment on the degree and extent of integration into the GST Network (GSTN) i.e the Registration, Payment, Returns and Refunds processes instituted by the government for the GST administration.

34. Provide/Guide the necessary changes required on account of any changes/modifications that may be brought in GST Law from time to time till his period of appointment by the Government.

The contract period shall be completion of all phases as per above terms. The above list is inclusive and not exhaustive i.e. Terms of reference shall include providing professional assistance for all activities required for the Implementation of GST in Bank.

Annexure “III” Date.: 21/07/2017

Scope of Work with respect to Income Tax Consultation

Terms and condition of the appointment of Chartered Accountant/ Firm as Tax consultant in the bank as under:

(I)  The said consultant shall be the Tax Consultant of the bank for a period as decided by the bank & accepted by the consultant.

(II)  The below mentioned services are to be provided by the tax consultant during his/her period of service:

(A)  Income Tax Consultancy

(B)  Certifications as under:

1.  DICGS Audited return for Deposit Insurance premium

2.  Deaf Monthly Return

3.  Filing 285 BA Return

4.  RCC Current A/C Statement certification as required by RBI

(C)  Filing of TDS/TCS returns monthly/Quarterly for HO/Personnel Deptt.

(D)  Certificate regarding CRR/SLR on quarterly basis

(E)  Other tax consultant services as and when need arises.

(III)  Data to be provided & cross verified by the Bank in formats provided by the Consultant.

(IV)  Tax consultant shall charge Rs. 500/-(Rupees Five Hundred only):

1.  For every revised TDS return to be filed*

2.  For Form 16 on annual basis (for HO/Personnel Deptt)

3.  For Form 16A on quarterly basis (for HO/Personnel Deptt)

4.  Rates are excluding Goods & Services Tax and same shall be borne by the Bank

5.  Payment to be credited by NEFT to their account.

*Note: Revision fee in case of carrying out of revision or rectification of TDS/TCS Return or any other return of bank shall be paid only in cases where there mistake/error is due to default of Bank. No TDS/TCS Return revision/rectification fee shall be paid other then above.

Annexure “IV” Date.: 21/07/2017

Remuneration & Period of Service of GST & Income Tax Consultant

Following are the terms & condition w.r.t remuneration & Period of service etc.

1. A remuneration of the appointed consultant shall be decided & fixed on monthly basis by the Bank after considering the expected amount quoted by the applicant in his/her application. The remuneration shall be exclusive of Goods & Services Tax.

2. Further Remuneration revision will be based on revised proposal and negotiations thereafter, upon acceptance by the Bank.

3. No TA/DA shall be paid to Consultant or his/her representative.

4. Period of appointment of the consultant shall be decided by the Bank & may be further renewable for a period decided by the bank at the discretion of the bank subject to satisfactory performance of the appointed consultant.

5. A bank may terminate the services of the appointed consultant without assigning any reason thereof.

6. The appointment shall be purely of temporary in nature.

7. Consultant has to give sufficient no. of visit to the satisfaction of the Bank during his period of the service.

Accepted

PROFILE FORMAT OF CONSULTANT (Chartered Accountant)

1. Name of the CA Firm/Prop. :

2. Date of Establishment of the Firm:

3. Firm Registration no. Allotted by ICAI/ICWAI:

4. Registration no. with RBI:

5. Registration no. with C&AG:

6. Annual income of the Firm/Prop.:

7. Head Office of the Firm:

a) Name of the Incharge:

b) Address:

c) Telephone No:

d) Fax No:

e) Mobile No’s:

f) E-mail Address:

8. Particulars of Proprietor/Partner

S.No / Name / Age as on 01-04-2017 / Regd no. with ICAI/
ICWAI / Date of COP / Qualifications
(FCA/ACA) / Specialized
Degree/
Diploma / Annual Income(with proof)
1
2

9. Experience (Enclosed Details/documentary Evidences)

S. No. / Name of Audit / No. of Banks/Companies / No. of Branches / Period
1. / Statutory Audit
(a) As Bank’s Central Statutory Auditors
(b) As Bank’s Branch Auditors
(c) Audit of other Companies
2. / Concurrent/Revenue Audit/ Inspection
I.S Audit
4. / Stock Audit
5. / Risk Based Audit
6. / Others (specify)

10. Addresses of the Branch (es) with name of Incharge of each such Branches have been brought to the notice of ICAI.

Business Unit / Name of the Incharge / Address(along with Phone/fax/mobile/
e-mail) / Whether establishment brought to the notice of ICAI(Yes/NO)
A
B
C
D

11. Whether the Firm or any partner has ever been debarred by ICAI/RBI. If yes, details be mentioned.

S. No / Name of the Firm / Partner / Brief Reason for Debar

12. Expected monthly Remuneration for GST & Income Tax Consultation:

Signature/Seal of Partner/Prop.

1.  I/We declare that my/our firm is not under any investigation of the government regulator or going through any disciplinary proceedings by Institute of Chartered Accountants of India (ICAI) / (ICAWAI).

2.  I/We declare that my/our firm is not doing work for any client where the J&K Grameen Bank is directly or indirectly lending or working as advisor for them.

3.  I/We declare that none of my/our firm’s proprietor/partner is/are employed with the J&K Grameen Bank.

4.  I/We are not disqualified as provided u/s 226 of the Company’s Act 1956.

5.  I/We have not carried out any statutory audit of J&K Grameen Bank during the immediately preceding year nor will be accepting the same in the current year.

6.  I/We hereby declare that we will not lobby directly or indirectly for consideration of any credit proposals of friends / relatives / clients / non clients of the bank.

7.  I/We shall also abide by the rules and regulations of the Bank in force from time to time and will always keep the bank’s interest foremost in our mind.

8.  I/We hereby declare that the details / information furnished above are / is true and correct. In case, any details furnished above are found incorrect later on, the Bank has the right to terminate the appointment, without giving any notice.

Signature/Seal of Partner/Prop.