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
bdc/lok/bg
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)