SUBJECT : GST ON MEMBERSHIP FEES

Dear Sir/Madam,

As you all are aware that Govt of India has introduced GST w.e.f July 2017 as per section 7 of CGST Act 2017 levy of 9% + 9% is applicable on Membership Fees for the professional Societies. This practice has already been started in Institution of Engineers (IE), The Institute of Charted Accountants of India (ICAI), The Institute of Cost and Management Accountants(ICMA), The Institute of Company Secretaries of India (ICSI) and other Professional Societies also.

In view of the above, Corporate Members, Organisational Members are requested to add GST @18% on membership fees w.e.f 01^st Jan 2018.