Punjab And Sind Bank
inviting for proposal (rfp) for appointment of gst consultant for providing end
to end solution and services for gst compliances and filing of gst returns.
1. What this tender is about
The Bank wants to appoint ONE GST consultant firm
to handle end-to-end GST compliance for the entire bank (all branches
PAN-India).
This includes:
GST returns filing
GST payments & challans
ITC reconciliation
Replies to notices, audits, appeals
Ongoing advisory on GST & pending Service Tax
matters
2. Contract duration
3 years: 01-04-2026 to 31-03-2029
Extendable by 2 more years (Bank’s discretion)
Annual performance review
Bank can terminate with 30 days’ notice
3. Who can apply? (Eligibility decoded)
You must qualify ALL of these:
Firm requirements
Registered firm / LLP / company in India
10 years existence, 5 years GST experience
Office in Delhi/NCR
Partner strength
Minimum 3 FCA partners/directors (associated ≥ 3
years)
At least 1 partner with DISA / CISA
Financial strength
Avg turnover ₹3 crore+ (FY 22-23 to 24-25)
Net worth ₹1 crore+
Experience (most critical)
GST consultant for at least 2 Scheduled Commercial
Banks
Each bank must have 2000+ branches
At least one PSU bank
Minimum 2 continuous years of engagement
This condition eliminates many mid-size firms.
4. Money matters (fees, EMD, BG)
Tender cost
₹2,360 (incl. GST) – non-refundable
EMD
₹10,00,000
DD or Bank Guarantee
Valid for 180 days
Performance Bank Guarantee
5% of total contract value
Valid for 3 years + 12 months claim period
5. How selection happens (QCBS explained)
This is NOT L1.
Step-wise:
Eligibility check (strict – fail = reject)
Technical evaluation
Minimum 70% marks required
Commercial bid
Final selection via QCBS
Technical score + Price score combined
If you mention price anywhere in technical bid →
outright rejection
6. Scope of work (what you’ll actually do)
You are responsible for everything GST-related,
including:
GSTR-1, 3B, 6, 7, Annual Returns
GST-TDS compliance
ITC reconciliation (2A / 6A vs books)
GST audits, notices, appeals, hearings
Advisory on law changes
Pending Service Tax matters also included
This is a high-liability, high-control role.
7. Penalties & risk (important)
Delay penalties up to 10% of contract value
GST penalties imposed on bank due to your delay → 100%
recovered from you
Quarterly fee deductions for delays
Bank can invoke BG & blacklist in serious cases
This tender favors big, disciplined firms with
strong compliance systems.
8. How to submit
Online (mandatory)
Through GeM portal
Technical + Commercial bids uploaded
Offline (mandatory documents)
EMD
Application fee DD
Integrity Pact
Signed annexures
Sealed envelopes as specified