Our Recommendations :-
Follow CA GMC FB Page

STIPEND DURING GMCS-I TRAINING

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chandni Sahasnani asked over 3 years ago

i would like to know whether an article is allowed stipend during his gmcs training or not?

    1       0 Answer Now Comment Report
10 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

During the period of articled training an articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days. The Institute's examination days, (including intervening holidays), or days for attending a course at an Academy of Accounting conducted by the Institute shall not be treated as leave. The period of attendance, with the consent of the Principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students’ association or a branch of a regional council for the benefit of assistants, shall be treated as period actually served under articles.

    0       0 Comment Report
Important Note – Preparing for CA GMC?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

Dear Friend, During the period of articled training an articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days. The Institute's examination days, (including intervening holidays), or days for attending a course at an Academy of Accounting conducted by the Institute shall not be treated as leave. The period of attendance, with the consent of the Principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students’ association or a branch of a regional council for the benefit of assistants, shall be treated as period actually served under articles. It is to be note that for attendifng GMCS - leave /absent period from articleship shall not considered for computation of leave of 180 days) as mentioned above. However, with regard to stipend for this period, no clear clarifcation/circular has come to my notice. in my opinion, it is upto the Employer to decide whether he shall pay stipend during the intervening period or not.

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Dimple answered over 3 years ago

all the trainings that we undergo during our articleship is a part of articleship as declared by ICAI. you can ofcourse show to ur principal about the training guidelines wherein such facts are duly mentioned. and therefore as per the rules principal is required to pay for the said period, but u know al it depends upon the mentality of ur principal. if he dont want to pay or doesnt pay U can hardly do anything because you were under training and not doing work for him.so it is obvious that he would not want to pay you. u may still show him the guidelines and try a chance to get that payment. but at last it totally depends upon how you convince him and how much he want to get convinced by your attempts. still it is a luck only because not all principals would get convinced, obviously the would like to save their evey little penny and that too never any sympathy for articles.. so try and see and also do share ur atempt of sharing here and let us know if any good principal exists....

    3       2 Comment Report
Open uri20170510 32134 1ue0f38?1494421710 rohit agarwal answered over 3 years ago

During the period of articled training an articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days. The Institute's examination days, (including intervening holidays), or days for attending a course at an Academy of Accounting conducted by the Institute shall not be treated as leave. The period of attendance, with the consent of the Principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students’ association or a branch of a regional council for the benefit of assistants, shall be treated as period actually served under articles. It is to be note that for attendifng GMCS - leave /absent period from articleship shall not considered for computation of leave of 180 days) as mentioned above. However, with regard to stipend for this period, no clear clarifcation/circular has come to my notice. in my opinion, it is upto the Employer to decide whether he shall pay stipend during the intervening period or not.

    9       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prasanna Krishna answered over 3 years ago

Yes article assistant is eligible for stipend for that period

    0       1 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Sidharth BAid answered over 3 years ago

GMCS I and GMCS II are both a part of the Articleship training and no stipend can be deducted.Also GMCS days are not to be included as leave,they are duely a part of the Articleship period.If your boss is not clear regarding the same you can get help from the ICAI Article section.

    0       1 Comment Report
Open uri20170510 32134 1dznjb?1494421724 zalak answered over 3 years ago

Hello Attending GMCS training is part of articleship .So it is not treated as leave and so you are entitled to receive stipend for the same. But it is better that you concentrate more on GMCS training as it will give you super experience and forget about stipend if you are not in need.Else you can ask your principal to pay for the same but it may affect if you are given some liberation in office.

    1       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Manoj answered over 3 years ago

Hello, Articles are allowed to receive the Stipend for the period during which his GMCS continue i.e.15 days. ICAI has made this provision in the notification that students who are in articleship during the time of GMCS would be liable to receive the Stipend for that period. Moreover all the CA gives stipend for that period. But you some CA do not give stipend for the student who go for the leave for GMCS. You cant argue for that thing with your Principal. So if you are in that dilemma then forgot about the Stipend of that period enjoy your GMCS. You will forgot about your stipend of 15 days in that GMCS batch & it is worth while if you forgive your stipend for that period.

    1       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 karishma answered over 3 years ago

Hi, Yes an articled assistant is considered as doing articles though he is attending GMCS classes so definitely you should get stipend for that period also. hope this helps you Thank you.

    0       1 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohan gupta answered over 3 years ago

Hi, GMCS 1 has to be completed in the 1st year of articleship. Stipend will be duly paid during the said period. Regards, Rohan Gupta

    1       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.