How much can a CA charge to file monthly GST returns?
The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has prescribed the minimum recommended scale of fees for the professional assignments done by the members of CA Institute.
The prescribed Minimum Recommended Scale Fees will enhance the productivity and Capacity Building of Practitioners and CA Firms and will largely benefit the Small and Medium Practitioners (SMP) segment. Accordingly, all Chartered Accountants who are in practice may consider these recommendations while charging fee for the work performed for various professional assignments.
The Capacity Building of Members in Practice was formed under regulatory provisions of Chartered Accountants Act, 1949 for CA Firms/LLP and members in practice. The ultimate objective of the Committee is to address the issues of profession and challenges faced by the CA Firms and enhancing their competence through capacity building and improving their visibility amongst the business community.
CCBMP has recommended the fee separately for Class A and Class B Cities and therefore the amount charged will be based on the location of the service provider. Class A Cities includes Delhi, Kolkata, Mumbai, Chennai, Pune, Hyderabad, Bangalore and Ahmedabad whereas Class B Cities includes all other cities not included in Class A.
The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered. Further, Service Tax should be collected separately wherever applicable.
Goods and Services Tax (GST): Nagpur branch of WIRC of ICAI has prescribed the following minimum fee to be charged by a CA in practice for GST related services.
GST registration: ₹7,500GST Audit: ₹20,000GST returnsComposite Dealer: ₹3,000 per returnTurnover upto ₹2 crore: ₹2,000 per returnTurnover 2 crore and above ₹3,500 per return
Note: Fees for the following assignment and work shall be charged depending on the complexity and the time spent on the particular assignment:
Attending Scrutiny Assessment/Appeal for corporates.Income Tax Search, Seizure and any other consultancy.Company’s /LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work.Company Law Consultancy including Petition drafting, Company Law representation including LLP before RD and CLB, and ROC Representation.Registration under VAT & CST for Corporate.Audit of Large Size Pvt. Ltd. Company / Public Ltd. Company.Transfer Pricing Audit.Issuing Certificates under the Income Tax Act i.e. u/s 80IA/80IB/10 A/10B & other Certificates.NBFC Registration with RBI.Service Tax Registration with Consultation.Service Tax Advisory & Consultation i.e. about value, taxability, classification etc.Technical Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters.Foreign Collaboration like advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement.Advising on Non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA.Preparation of CMA Data.Services relating to Financial sector.
Note that the aforesaid fees are recommendatory and therefore chartered accountants are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same