Page 152 - Quick Insights Book 2022

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

Notes:
1) Fees to be charged depending on the complexity and the time spent on the particular assignment.

2) The above recommended minimum scale of fees is as recommended by the Committee for Members in Practice (CMP)
of ICAI
3) The aforesaid table states recommendatory minimum scale of fees works out by taking into account average time required
to complete such assignments. However, members are free to charge varying rates depending upon the nature and
complexity of assignment and time involved in completing the same.

4) Office time spent in travelling & out-of-pocket expenses would be chargeable. The Committee issues for general information
the above recommended scale of fees which it considers reasonable under present conditions. It will be appreciated that
the actual fees charged in individual cases will be matter of agreement between the member and the client.
5) GST should be collected separately wherever applicable.
6) The Committee also recommends that the bill for each service should be raised separately and immediately after the
services are rendered.
7) Classification of Class A, Class B & Class C Cities are given in Annexure ‘A’

8) The amount charged will be based on the location of the service provider.

S. STATES/UNION CL CITIES AS CITIES CLASSIFIED AS “B” CITIES CLASSIFIED
No. TERRITORIES ASSIFIED “A” AS “C”

1. ANDAMAN & NICOBAR All cities
ISLANDS
2 ANDHRA PRADESH Vijayawada, Greater Visakhapatnam, Other Cities
Guntur, Nellore
3 ARUNACHAL PRADESH All cities
4 ASSAM Guwahati Other Cities

5 BIHAR Patna Other Cities
6 CHANDIGARH Chandigarh
7 CHHATTISGARH Durg-Bhilai Nagar, Raipur Other Cities
8 DADRA & NAGAR HAVELI All cities
9 DAMAN & DIU All cities

10 DELHI Delhi
11 GOA All cities
12 GUJARAT Ahmedabad Rajkot, Jamnagar, Bhavnagar, Vadodara Other Cities
Surat
13 HARYANA Faridabad, Gurgaon Other Cities
14 HIMACHAL PRADESH All cities
15 JAMMU & KASHMIR Srinagar, Jammu Other Cities

16 JHARKHAND Jamshedpur, Dhanbad, Ranchi, Bokro Stell Other Cities
City
17 KARNATAKA Bengaluru Belgaum, Hubli-Dharwad, Mangalore, Other Cities
Mysore, Gulbarga
18 KERALA Kozhikode, Kochi, Thiruvanathapuram, Other Cities
Thrissur, Malappuram, Kannur, Kollam

Quick Insights on Professional Opportunities for Chartered Accountants 139