ICAI Head Office Advisory- Fees from Members (CA) is chargeable to GST

ICAI have issued an advisory dated 30th June 2017 that GST is applicable on Fees from Members for all payments received in the Institute with effect from 1st July 2017 with advent of GST.

It has also requested the members to add GST @ 18% on all sorts of fees payments.

A sample notice doing rounds of whatsapp is attached herewith.  Most probably Seminar Fees will also be chargeable to GST.

The same will increase the cost of members who are exempt under GST as they can not claim any credit for same. Under Service Tax ICAI was enjoying exemption and hence no service tax was charged on any fees.

GST will be applicable on all member activities as it constitutes Supply under GST Act. However various student fees will continue to remain exempt being educational service.

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