Page 151 - Quick Insights Book 2022

Ann. 12 – Revised Minimum Recommended Scale of Fees for the Professional Assignments...

PARTICULARS Revised minimum Recommended scale of Fees
Class ‘A’ Cities (`) Class ‘B’ Cities (`) Class ‘C’ Cities (`)
10) NBFC/RBI MATTERS
(a) NBFC Registration with RBI See Note 1 See Note 1 See Note 1
(b) Other Returns 18,000/- & Above 12,000/- & Above 8,000/- & Above
11) GST
(a) Registration 20,000/- & Above 15,000/- & Above 10,000/- & Above
(b) Registration with Consultation See Note 1 See Note 1 See Note 1
(c) Tax Advisory & Consultation i.e. about See Note 1 See Note 1 See Note 1
value, taxability, classification, etc.
(d) Challan/Returns 15,000/- & Above + 10,000/- & Above + 8,000/- & Above +
(4,000/- Per Month) (3,000/- Per Month) (2,000/- Per Month)
(e) Adjudication/Show Cause notice reply 30,000/- & Above 20,000/- & Above 15,000/- & Above
(f) Filing of Appeal / Appeals Drafting 30,000/- & Above 20,000/- & Above 15,000/- & Above
(g) Furnish details of inward/outward supply See Note 1 See Note 1 See Note 1
(h) Misc services i.e. refund, cancellation/ See Note 1 See Note 1 See Note 1
revocation registration, maintain electronic
cash ledger etc.
(i) Audit of accounts and reconciliation 40,000/- & Above 20,000/- & Above 12,000/- & Above
Statement
(j) Any Certification Work 10,000/- & Above 7,000/- & Above 5,000/- & Above
12) FEMA MATTERS
(a) Filing Declaration with RBI in relation to 35,000/- & Above 25,000/- & Above 18,000/- & Above
transaction by NRIs/ OCBs
(b) Obtaining Prior Permissions from RBI for 50,000/- & Above 35,000/- & Above 25,000/- & Above
Transaction with NRIs/ OCBs
(c) Technical collaboration: See Note 1 See Note 1 See Note 1

Advising, obtaining RBI permission, drafting
and preparing technical collaboration
agreement and incidental matters
(d) Foreign collaboration: Advising, obtaining See Note 1 See Note 1 See Note 1
RBI permission, drafting and preparing
technical collaboration agreement and
incidental matters (incl. Shareholders
Agreement)
(e) Advising on Non Resident Taxation See Note 1 See Note 1 See Note 1
Matters including Double Tax Avoidance
Agreements including FEMA
13) PROJECT FINANCING
(a) Preparation of CMA data See Note 1 See Note 1 See Note 1
(b) Services relating to Financial sector See Note 1 See Note 1 See Note 1
14) ACCOUNTANCY SERVICES (New Heading)
Book Keeping and the preparation of See Note 1
financial statements
Other Services See Note 1
15) Other Services not listed above See Note 1

138 Quick Insights on Professional Opportunities for Chartered Accountants