Request For Proposal (RFP) For Engagement of Consultants for Implementation of Goods and Service Tax (GST) in Indian Bank.
Indian Bank (IB) is a nationalized bank with a network of over 2678 branches spread across India and overseas branches in Singapore and Srilanka. The bank offers wide range of products and services to both Corporate and Retail Customers. The Bank has networks of 2816 ATMs spread across all geographical locations. The Bank also provides services to its customers through alternate channels such as Internet banking, Debit Cards, Mobile Banking, etc.
India is proposing to switch over to a country wide common Goods and Services Tax (GST). While the enabling legislation (Constitution Amendment Bill) and four supporting Bills have already been passed, there are various other legislations which are required to be approved by the President as well as various State Assemblies. On the necessary legislation being effective, IB will be required to comply with such legislations, which based on various press reports is expected to be effective from July 1, 2017. In this connection, Bank invites Request for Proposal (RFP) from firms of repute and proven track record for engagement as “Consultant for implementation of GST” as well as providing advisory services in connection with GST as per the Terms of Reference given in “Annexure F”.
The Bank invites “Proposals” for selection of a “Consultant for Implementation of GST” as per the Terms of Reference given in “Annexure F” so as to comply with GST Regulations within the stipulated timelines.
The bidders/applicants desirous of taking up the project are invited to submit their proposal in response to this RFP. The criteria and the actual process of evaluation of the response to the RFP and subsequent selection of the Successful Bidder (SB) will be entirely at Bank’s discretion. The bidders / applicants should have necessary experience, capability and expertise to perform, as per the scope of work and to adhere to the Bank’s requirements/terms and conditions outlined in the RFP. The RFP is not an offer by Indian Bank, but an invitation to receive responses from the Bidders. No contractual obligation whatsoever shall arise from the RFP process unless and until a formal contract is signed and executed by duly authorized official of Indian Bank with the Successful Bidder.
Applicants must read carefully the eligibility criteria provided in “Annexure A”. Proposals of only those Applicants who satisfy these conditions as per “Annexure A” will be considered for evaluation process.
Last date of receipt of bids April 25, 2017 3.00 pm
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