ICAI

UDIN can be generated within 30 days of signing of Audit Report – Read ICAI Announcement

UDIN by CAs can be generated within 30 days of signing of Audit Report as against 15 days – Read ICAI Announcement

Now UDIN can be generated with 30 days. Recently ICAI had issued UDIN notification prescribing timeline for all certificates, GST/Tax Audit Reports & Attestation functions.

As per the said Notification, w.e.f. 1st July, 2019 UDIN is compulsory for all Corporate/ Non- Corporate Audit, Attest and Assurance Functions.

As per existing requirements, UDIN is to be generated at the time of signing the Certificate/Audit reports. However, the same can be generated within 15 days of the signing of the same (i.e within 15 days from the date mentioned at Certificates and not beyond that).

UDIN can be now generated within 30 days 

However, now the ICAI has given one time relaxation to permit generation of UDIN within 30 days in place of 15 days for the Certificate / Report / Document signed between 20th August, 2019 to 31st December, 2019.

ICAI Announcement

Extension of time limit of UDIN generation from 15 days to 30 days – One Time Relaxation

Extension of time limit of UDIN generation from 15 days to 30 days – One Time Relaxation

In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th and 19th September, 2019 has decided to permit generation of UDIN within 30 days in place of 15 days.

Members may kindly note that this is a one-time relaxation available on the Certificate / Report / Document signed between 20th August, 2019 to 31st December, 2019.

Further, UDIN so generated has to be communicated to “Management” or “Those Charged with Governance” for disseminating it to the stakeholders from their end.

CA. Ranjeet Kumar Agarwal
Convenor
UDIN Monitoring Group
CA. Jay Chhaira
Deputy Convenor
UDIN Monitoring Group

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 income tax penalty itat ITAT Delhi mca circular MCA notification order u/s 119 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

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