ABOUT ROTARY

FINANCIAL OBLIGATIONS

  • FINANCIAL OBLIGATIONS


    Notes

    • Service Tax is applicable at the prevailing rate (15%) (further liable to change as per Govt. Policy) on item no.1 & 2 above for clubs in India only. Service Tax is not applicable to magazine subscription; further service tax is applicable.
    • It is mandatory to subscribe to either “The Rotarian” or “The Rotary News”.
    • The exchange rate is evaluated on monthly basis and the effective rate as on July 01, 2017 is Rs. 65. The current rate can be obtained from the Rotary Website www.rotary.org or from Rotary International South Asia Office, New Delhi- 110001. Ph: 011-26712336/7/8.
    • Beginning January 01, 2015 every club is receiving a one page invoice that clearly states the amount due. The payment cycle shall be shortened to 4 months instead of 6.
    • Clubs will be terminated for non-payment of dues,4 months after due date.
    • If a club is terminated it can be reinstated within 5 months from termination date, if it pays its outstanding financial obligations, provides a current membership list and pays a reinstatement fee of US$ 30 per member.