Valid GST No Sample Clauses

Valid GST No iii) Valid EPF No. number under EPF Act, 1952 Out of the “amount payable/creditable to contractor’s account, the Central Govt.,/State Govt., taxes shall be deducted at source in accordance with the relevant laws/ rules prevailing from time to time. If any Work Contract Tax or Labor welfare Tax or any other tax is levied by the Government during the course of execution of this contract, the same shall not be borne by contractor and the same shall be reimbursed on proof of payment to be appropriate authority being produced. However any subsequent changes in the tax structure by government after due date of bid submission will be compensated (±) on availability or submission of actual documentation. Contractor has to intimate Engineer In charge regarding changes occurred in the tax structure after bid submission. If contractor fails to provide such information and if any financial obligation may arise due to change in tax structure, same will be recovered from contractor. The contractor shall apply fair means of stock maintenance and shall adopt accounting standards as may be prescribed under GST. For arriving at the difference in procurement prices due to introduction of GST, it will be open for the Government to ask for original invoices, LR, weigh bridge slips, payment details and such other documents as may be required for the purpose. If there is reduction in overall tax burden then proportional benefit of that shall be passed on to the Government. CLAUSE 3
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Valid GST No. (4) Before applying for the tender, tenderers in their own interest shall ascertain and satisfy themselves that they fulfil the above conditions. If the tenderer does not fulfil prequalification terms and conditions, their Price Bid will not be opened. Tenderer may also note that issuance of blank tender document does not mean that the qualifying requirements have been fulfilled.
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