Turnover Certificate for Tender - Overview
📌 TL;DR - Turnover Certificate for Tender Services at a Glance
A Turnover Certificate for Tender is issued by a practicing CA (ICAI-registered) and certifies your business's annual turnover (year-wise) as per ITR, GST Returns, or Audited Financial Statements. It is mandatory for government and PSU tender bids, must carry a UDIN, and costs between Rs. 1,499 and Rs. 7,000 depending on years and entity type.
A Turnover Certificate for Tender is a CA-certified document proving your business's annual revenue to qualify for competitive bids. Tendering authorities - government departments, PSUs, municipalities, and large private enterprises - use it to verify that bidders meet the minimum financial eligibility thresholds set in the Notice Inviting Tender (NIT). Without a valid CA certificate with UDIN, even a technically sound bid is disqualified.
Quick Reference Summary:
| Parameter | Details |
|---|---|
| Governing Framework | ICAI Certification Standards + General Financial Rules (GFR) 2017 |
| Applicable To | Companies, LLPs, Partnership Firms, Proprietorships bidding on tenders |
| Certification Authority | Practicing Chartered Accountant (ICAI-registered) only |
| Mandatory Requirement | UDIN (Unique Document Identification Number) - mandatory since Feb 2019 |
| Years Covered | As specified in tender (typically last 1-3 financial years) |
| Patron Accounting Fee | Starting at Rs. 1,499 per certificate |
| Turnaround Time | 1-3 working days (express 24-hour available) |
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