Revised Annual ICAI Membership Fee for Associate/ Fellow Members and Certificate of Practice (COP) Fee for 2018-19; Entry/ Name Restoration in the Member’s Register (fee revised from 1 April, 2017) along with GST @18%
The ICAI has notified the Revised Annual Fee for Associate/ Fellow Membership and COP w.e.f. 1 April, 2017 which is applicable for FY 2018-19 also, subject to GST @18%. Also ICAI has notified the revised fee for Entry/ Restoration of Name in the Members’ Register applicable w.e.f. 1 April, 2017. The fee scales can be summarised as under:
| S.N. | Particulars of fee payable by ICAI Members | Fee for FY 2017-18 (Rs.) | Fee for FY 2018-19 with 18% GST |
| 1 | Entrance Fee payable under regulation 5 | ||
| i) as an Associate | 2,000 | 2,300 | |
| ii) as a Fellow | 2,500 | 2,950 | |
| 2 | Annual Membership Fee (2018-19) payable under Regulation 6(1) | ||
| i) as an Associate Member | 1,500 | 1,770 | |
| ii) as a Fellow Member | 3,000 | 3,540 | |
| 3 | Certificate of Practice fee (2018-19) payable under Regulation 6(2) | ||
| i) as an Associate Member | 3,000 | 3,540 | |
| ii) as a Fellow Member | 4,000 | 4,720 | |
| 4 | Fee for restoration of name in the Register of Members payable under Regulation 6(3) | ||
| i) within 3 years of removal | 1,200 | 1,416 | |
| ii) after 3 years of removal but before 5 years | 3,000 | 3,540 | |
| iii) after 5 years of removal | 4,000 | 4,740 | |
| 5 | Membership Fee for those who are not holding COP and are having age of 60 years and above as on 1 April 2018 (for 2018-19) | ||
| a) Associate Members | 1,100 | 1,298 | |
| b) Fellow Members | 2,300 | 2,714 |
ICAI Notification No.1-CA(7)/179/2017 dt. 9 Feb. 2017
It may be noted that revised fee scales for all Members in practice are the same, i.e. now there is no differentiation of fee based on age for members holding COP, like till 2016-17. However, for those who are not in practice, concessional membership fee is applicable, if he/ she has attained age of 60 years and above as on 1 April of respective Financial Year, i.e. as on 1 April, 2018 for FY 2018-19.
Last Date to Pay Membership Fee to ICAI for FY 2018-19
Payment of membership fee for the financial year 2018-19 becomes due on 1 April, 2018 and must be paid on or before 30 Sept. 2018, or as may be extended by ICAI.
Advancement of last date of Membership/ COP Fees for FY 2019-20
ICAI has recently decided to advance the last date for payment of Membership/ COP fees from 30th September to 30th June every year (from FY 2019-20 onwards). However, there will be a grace period of 3 months upto 30 September, during which no late fee will be levied for late payment.
In case the Membership/ COP Fees is not paid by 30 September every year, Membership/ COP will be removed with effect from 1 October under the relevant regulatory provisions.
ICAI Extends Due Date for Payment of Membership/ COP Fees (2017-18) from 30 Sept. 2017 to 15 March, 2018
ICAI has Extended the Due Date for Payment of Membership/ COP Fees (2017-18) from 30 Sept. 2017 to 15 March, 2018, in view difficulties being faced by Members due to various reasons, like revised fee structure, levy of GST, technical glitches at online payment portal, etc., as a one time exception/ measure.
As a result, there will be no removal from Register of Members for the current year 2017-18 provided the concerned members make the payment of the fee including 18% GST on or before the new/ revised deadline of 15 March 2018 for payment of Membership/ COP Fee for 2017-18.
Members whose names have been removed for non-payment of membership fee for 2017-18 w.e.f. 1 Oct. 2017 can utilise this opportunity. ICAI has clarified that earlier letter informing about removal of name from the Register of Members and cancellation of certificate of practice w.e.f. 1-10-2017 (wherever issued/ applicable) stands withdrawn. Members may note that till 15 March 2018, no restoration fee is payable and hence no need to submit Form 9/ Form 101.
Further, ICAI has decided that the restoration fee which was paid by the members so far after 30 Sept. 2017 will be treated as advance payment against future membership dues.
ICAI Announcement dt. 31 Jan. 2018
Advance Payment of Membership Fee to ICAI
(a) Members can pay advance Membership/ COP fee in exact amount for 3 years (1+2 years) along with GST as a final payment and in case of any shortfall in case of revision of fee in future their Name/ COP will not be removed from the Register of Members on account of such revision.
(b) Members, who have already paid advance fee for the earlier years, may please pay the balance fee/ difference of the fee payable. It may please be noted that payment of balance fee/ difference of fee is a must for renewal of membership/ certificate of practice, as the case may be.
(c) It may be noted that ICAI do not permit Refund of amount received, under any circumstances except in the case of removal of the name of a member from the Register of Members under the provisions of the Chartered Accountants Act, 1949 as amended by the Chartered Accountants (Amendment) Act, 2006 and the Chartered Accountants Regulations, 1988.
(d) In the case of death, the fee for the year in which removal takes place would be deducted and the balance of the advance amount remitted, if any would be refunded to nominee(s)/ legal heir(s) of the member concerned. In all other cases, the balance of advance amount, after such a deduction as aforesaid, if any would be kept to the credit of the member concerned for adjustment towards annual membership fee payable at the time of restoration.
(e) Interest on the amount remitted/ refunded would not be payable by ICAI at all.
Membership/ COP Fee (2016-17) for Associate/ Fellow Members of ICAI (upto / above 60 years )
| ICAI Fee (2016-17) For Members of Age below 60 years* | ICAI Fee (2016-17) For Members of Age 60 years and above* | ||
| Particulars | (Rs.) | Particulars | (Rs.) |
| Associate Without Certificate of Practice | 800 | Associate Without Certificate of Practice | 600 |
| Associate With Certificate of Practice | 2,800 | Associate With Certificate of Practice | 2,100 |
| Fellow Without Certificate of Practice | 2,200 | Fellow Without Certificate of Practice | 1,600 |
| Fellow With Certificate of Practice | 4,200 | Fellow With Certificate of Practice | 3,100 |
* as on 1 April, 2016
Should I pay increased fees? I have already paid fee of Rs. 800 in last year as advance fees.
Yes.. Balance amount is required to be paid.
I am more than 60 years of age, an FCA and already hold a COP. I paid Rs. 7000 based on total due shown by ICAI while making online payment (3000 membership fee + 4000 COP fee). According to this post I should be entitled to a refund of Rs.3900/- or credit which may be adjusted against my future dues to ICAI. Suggest what to do to claim such difference?
I paid membership fee for 3 years in 2016. Do I still need to pay fee? Also, when I am visiting the website for payment of membership fee, it is asking me to pay restoration charges for Rs, 1,200, what does this signify?
Your name seems to have been removed from the Register of Member. You need to pay restoration fees of Rs. 1,200/- and also need to submit Member Name Restoration Application to ICAI. Please get in touch with ICAI for official information.
I forgot to pay my membership fees before 31st of October. Is there any way out? They are asking for Rs. 1200 as restoration fees.
I paid membership fee Rs 1100 in April 2017 and 400 in Jan 2018. Then I got the letter regarding extension of date for payment in view of GST. However when I go online it shows entire amount of 1500+270 =1770 as payable
PS the letter states that there will be removal of membership for this year if amount paid before 15 March 2018. Why does it then show entire membership fee as payable
I became ACA on 6 June 2017. Do I need to pay fees for this year?
I passed out in January 2017 and paid membership fees in form 2. Do I have to pay membership fees for year 2018-19 now?
I am recently qualified CA. If i apply for membership after 30th sept 2018 then for which FY i would be paying fees i.e for FY 2018-19 or FY 2019-20?
For FY 2018-19.
I paid my membership fees for two years on August 30th 2017 for Rs. 3000/-. for FY 17-18 and 18-19. When I login into my account, it still shows the balance to be paid in the amount of Rs. 1,770/- instead of a balance of Rs. 270/- (GST difference) for the FY 18-19. How do I pay just the balance without worrying about possible non compliance of membership fees?
I have paid my membership fee today and the amount got deducted from bank account; but I got an error saying retry- payment gateway failed. Please advise how to claim refund and pay fee.
I got my membership number in April 2018 and paid my membership fees at that time. Do i need to pay it again for FY 2018-19 as it was mentioned in form for upto June 2018
Why has ICAI sharply revised fees of Associate members this year? Does ICAI has any justification of what it does for members in industry and what value proposition they are offering in return for this hike?
I am having part time COP but now wanted to surrender it. So i need to pay part time COP fees too along with annual membership fees? Or only need to pay annual membership fees?
I have already paid the restoration fees in FY 2015.. still it’s asking for restoration fees of 2017-18 of Rs.3000 +800 while I am trying to pay fees for Fy 2017-18. what to do?
The fee cheque is to be sent to which office of ICAI? ITO Address?
Do i need to do anything further, apart from Paying the Annual Membership Fee for 2018-19 with Late fees, for resuming my membership. I have paid the fee late, i.e. in Nov 18 whereas the last date for the payment was 30 Sept. 2018.
I am 71, an FCA holding COP. I don’t need hard copy of the ICAI Journal, as i can view it online to save paper. Is there any proposal offering reduction of Rs. 590/- in Membership/ COP Fee for members opting for e-journal? Now, if i pay the full fees, would ICAI refund/ adjust such Rs. 500? Or do i need to wait for official announcement from ICAI?