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Register of Members and cancellation of certificate of practice w.e.f. 1-10-2017 (wherever issued/ applicable) stands withdrawn.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.