A fee structure for Goods and Services (GST) related services has been put forth by the Institute of Chartered Accountants of India (ICAI), starting from a minimum of Rs. 5,000 and extending upwards without any fixed upper limit. It depends on the complexity of the work. These suggested fees are not mandatory but are proposed with the well-being of Chartered Accountants in mind.
In an effort to enhance the skills of its practitioners, the Committee for Members in Practice (CMP) within ICAI has taken on the responsibility of revising the Minimum Recommended Scale of Fees for professional tasks handled by ICAI members.
Read Also: ICAI: Annual Membership Fee/Certificate of Practice Fee and GST
This direction is regarding the fees that should be applied to various professional assignments based on the given service. The proposed fees have been divided into separate categories for cities falling into Class A, Class B, and Class C classifications.
Please note that the fees to be charged depend on the intricacy of the assignment and the time dedicated to its completion.
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