Coal India to engage tax consultant to get ready for GST

Kolkata May 6 (IANS) Coal India the largest coal producer in the world is engaging a tax consultant to assist the miner and its subsidiaries in getting ready for the Goods and Services Tax (GST) and indirect taxes for the miner.

It has floated a tender to appoint a tax consultant.

Coal India Limited intends to engage tax consultant for CIL and its direct subsidiaries (i.e. excluding any subsidiary of these subsidiaries) to carry out assignment in respect of the GST and indirect taxes of CIL the tender document said.

According to the document the minerwill seek advice from the consultant on GST implications on the transactions.

The document also said the coal producer will seek advice on monthly and annual GST compliances to be undertaken by CIL and preparation of compliance manual.

It is proposed that the scope of work for assisting CIL and subsidiaries in getting ready for the GST in terms of new tax positions planning and compliance requirements is to be completed before commencement of the GST the document said.

Coal India has eight fully owned subsidiaries: Eastern Coalfields Ltd Bharat Coking Coal Ltd Central Coalfields Ltd Northern Coalfields Ltd Western Coalfields Ltd South Eastern Coalfields Ltd Mahanadi Coalfields Ltd and Central Mine Planning & Design Institute Ltd.

--IANS
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