Terms of Professional Engagement & Usage
Enacted under the Indian Contract Act, 1872 & Chartered Accountants Act, 1949 • Jurisdiction: Udaipur, Rajasthan
1. Engagement Formation
Digital calculators, consultation bookings, or inquiries do not form a binding Chartered Accountant–client retainer. Retainers are constituted solely upon mutual conflict clearance and the counter-signature of an official Letter of Engagement (LoE) detailing statutory scope and professional fee milestones.
2. Client Accuracy Warranties
The client warrants the veracity, authenticity, and completeness of all accounts, vouchers, and statutory declarations provided. Attention is drawn to Section 277 of the Income Tax Act, 1961 and Section 132 of the CGST Act, 2017 concerning legal penalties for submitting false accounting records or fraudulent returns.
3. Working Papers & Intellectual Property
Audit working papers and documentation prepared by the firm remain the sole property of GGAM & Associates LLP in compliance with ICAI Standard on Auditing (SA 230). Final certified returns and audit reports become client property upon full fee settlement.
4. Professional Retainer Fees
All professional invoices are billed in INR and are subject to statutory Goods and Services Tax (GST @ 18%). Fee calculators on this website provide preliminary estimates and are not binding quotations.
5. Governing Law & Arbitration
These terms are governed exclusively by the substantive laws of the Republic of India. Any unresolved dispute shall be referred to arbitration in Udaipur, Rajasthan under the Arbitration and Conciliation Act, 1996. The competent courts in Udaipur have exclusive jurisdiction.