ICAI issues UDIN notification. Timeline for all certificates, GST/Tax Audit Reports & Attestation functions

ICAI issues UDIN notification specifying Timeline for all certificates, GST and Tax Audit Reports and other other Audit, Assurance and Attestation functions 

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(set up by an Act of Parliament)

NOTIFICATION

New Delhi, the 2nd August, 2019

No.1-CA(7)/192/2019.—Whereas, to curb the malpractice of false certification/attestation by the unauthorized persons & to eradicate the practice of bogus certificates and to save various regulators, banks, stakeholders etc. from being misled, the Council of the Institute decided to implement an innovative concept to generate Unique Document Identification Number (UDIN) mandatorily for all kinds of the certificates/GST and tax audit reports and other attest function in phased manner, for which members of the ICAI were notified through the various announcements published on the website of ICAI www.icai.org at the relevant times.

Now, in exercise of the powers conferred on it under Item No.(1) of Part- II of the Second Schedule to the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India hereby issue the following
guidelines for information of public and necessary compliance by members of the Institute –

(i) A member of the Institute in practice shall generate Unique Document Identification Number (UDIN) for all kinds of the certification, GST and Tax Audit Reports and other Audit, Assurance and Attestation functions undertaken/signed by him which made mandatory from the following dates through announcements published on the website of the ICAI www.icai.org at the relevant time: –

• For all Certificates w.e.f. 1st February, 2019.

• For all GST and Tax Audit Reports w.e.f. 1st April, 2019.

• For all other Audit, Assurance and Attestation functions w.e.f. 1st July, 2019.

(ii) The above Guidelines shall come into force from the above dates for the various services respectively.

RAKESH SEHGAL, Acting Secy.
[ADVT.III/4//Exty./170/19]

Download ICAI UDIN Notification Click Here >>

• Assessee eligible for Chapter VIA deduction u/s 80IE on increased income due to disallownces
• Assessee filing ITR under presumptive tax can’t be faulted for not giving details not mandated
• Sale of flats in a real estate project held capital gains considering intention of assessee
• Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
• Cash deposits in bank which were immediately transferred to other accounts – addition deleted

addition u/s 68 addition u/s 69A ca misconduct cash deposit in bank cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release cgst circular cgst notification cit revision 263 concealment penalty condonation of delay covid-19 custom circular demonetisation due date extension e-way bill faq GST circular GST Council Meeting gst faq gstn advisory GSTR-3B GST rates IBBI ibc icai announcement income tax penalty itat ITAT Delhi mca circular MCA notification penalty 271(1)(c) penalty u/s 271(1)(c) Press Release reasons recorded reopening 148 Reopening us 147 Search & Seizure sebi circular unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes