The Institute of Chartered Accountants of India
GST on Member Fees
July 28, 2017
The ICAI Head Office vide Advisory No. 1 dated 30th June 2017 has directed that Under Section 7 of the CGST Act, 2017, levy of 9%+ 9% Is applicable on Fees from Members for all payments received In the Institute with effect from 1st July 2017. Accordingly, Members are requested to add GST @ 18% on Institute Fees payable by them for payments made by them from July 1, 2017 onwards and pay the same, If not paid for in payments made till date to the Institute.
Considering the above, the Schedule of Fees payable w.e.f. July 1, 2017 are as follows:
Members holding Certificate of Practice
|
Member Status |
Membership Fees (Rs.) |
COP Fee (Rs.) |
||
| Associate Member | 1500+18%GST | 1770/- | 3000+18%GST | 3540/- |
| Fellow Member | 3000+18%GST | 3540/- | 4000+18%GST | 4720/- |
Members 60+ years Without Certificate of Practice (As on 1st April 2017)
| Associate Membership Fee (1100+18%GST) | 1298/- |
| Fellow Membership Fees (?300+18%GST) | 2714/- |
Air Mail Charges for CA Journal (In case of members abroad):
Similarly, 18% GST is applicable for Fees payable for all payments made to the Institute w.e.f. July 1, 2017.
a. Entrance fees
b. Restoration fees and old membership & COP fees
c. Fellow admission fees
d. Fellow conversion fees
e. Duplicate certificate/ duplicate ID fees
f. Members condonation fees
g. Firm condonation fees
h. Members fees received in advance
i. Firm condonation fees received in advance
The list is illustrative & not exhaustive
Members are requested to make all Member related fees along with 18% GST for all payments made to ICAI from July 1, 2017.
Download Relevant Advisory in PDF Format
Can a CA firm claim ITC on Membership fee paid to its partners
Your article do not cover is associate member is living out of country. It out of country associate member exempt from GST?
Will the members get Invoices from ICAI quoting GSTN No???
Was it not covered under erstwhile Service Tax law? Why?
Need to check that.