taxguru.in-UDIN Everything you need to know-converted

1. UDIN – Everything you need toknow! taxguru.in/chartered-accountant/udin-know.html What isUDIN? In order to prevent businesses/ clients from the fraudulent acts of non-CAs, practicingand certifying as CAs, the Institute of Chartered Accountants of India (ICAI) has come up with the concept ofUDIN. Primarily, UDIN secures certificates, reports, documents, etc. certified by thepracticing CAs. Additionally, it enables regulators, banks as well as third parties to check the genuineness of the issued certificates, reports, documents,etc. The present article highlights each and every point which one needs to know aboutUDIN. Implementation and Format ofUDIN- UDIN is an abbreviation of ‘Unique Document Identification Number’. The sameis introduced in a phase-wise manner asfollows- Phase Coverage Date of implementation 1st UDIN got mandatory for all the certificates issuedby CharteredAccountants. 1st February2019 2nd UDIN got mandatory for GST and Tax auditreport 1st April2019 3rd UDIN got mandatory for all other audits, attestand assurancefunctions 1st July2019

2. Further, it is an 18 digits long system generated number. The formation of UDINis explained in the tablebelow- Digits Particulars First 2 digits Last 2 digits of the currentyear Next 6 digits Membership number issued by ICAI Last 10 digits Alpha-numeric system generatedcode. How to Register on the UDINportal? Before generating UDIN, one needs to first obtain registration on the UDIN site. Stepsfor obtaining the registration are statedhereunder- STEP 1 – Visit site https://udin.icai.org/. STEP 2 – Click ‘First time Sign Up? Click Here’ available on the right-hand side ofthe page. STEP 3 – Enter the followingdetails- Membership Number, Date of Birth, and Year ofEnrolment. STEP 4 – SendOTP. STEP 5 – OTP will be received on the mobile number and e-mail ID registered withICAI. Enter the OTP received and click‘Continue’. On following the above steps, ‘username’ and system generated ‘password’ willbe received on the registered mobile number and e-mailID. HOW UDIN can begenerated? Post registration on UDIN site, one needs to follow the below steps for generationof UDIN- STEP 1 – Visit site https://udin.icai.org/. STEP 2 – Enter appropriate ‘Username’ and ‘Password’. Enter Captcha and click‘Login’. STEP 3 – Select the ‘Generate UDIN’option. STEP 4 – Select document type from the drop-downlist. STEP 5 – Enter requisite detailslike-

3. Client Reference Code/Number, Date of adocument, Documentissued, Documentdescription, Keyword/ values within the document,etc. STEP 6 – Click ‘Send OTP’ and OTP will be received on the registered mobilenumber and e-mailID. STEP 7 – Enter the OTP and click the ‘Preview’option. STEP 8 – Click ‘Submit’ to generateUDIN. Other importantpoints- Mentioning ofUDIN- UDIN needs to be mentioned on the certificate either by printing (by watermarked) orby handwritten/ printed. In case the UDIN is handwritten/ printed, the same needs tobe mentioned after signatures and membership number. Revocation/ cancellation ofUDIN- Generated UDIN can be revoked/ cancelled without any time limit. However, a reasonfor revocation/ cancellation of UDIN needs to beprovided. Steps to VerifyUDIN- Regulators, banks or third parties can verify the UDIN mentioned, on any ofthe documentsissued by CAs, by following the belowsteps- Visit site https://udin.icai.org/. Click ‘VerifyUDIN’. Enter name, mobile number, UDIN and captcha. Click ‘Send OTP’. Accordingly, OTP will be received on the mobilenumber. Enter theOTP. Consequence of non-generation ofUDIN- UDIN is made mandatory as per the decision of the Council. Accordingly, the non- generation of UDIN will quantify as non-adherence to the Council’s decision. Hence,the same will be treated as professional misconduct in terms of Part I, II and III of the First Schedule and Part I and part II of the SecondSchedule. Resultantly, the non-generation of UDIN will attract disciplinary proceedingsunder Second Schedule Part II of The Chartered Accountants Act,1949. FAQs related toUDIN-

4. What is UDINfor? UDIN is an initiative taken by the Institute of Chartered Accountants of India (ICAI)to curb/ limit misrepresentation by the third person posing as CharteredAccountants. Is UDINcompulsory? Yes, UDIN is compulsory for all the certificates, GST and tax audit as well as allaudits and assurance functions issued by the CharteredAccountant. Is UDIN mandatory for the balancesheet? Yes, it is mandatory for the balance sheet in case the financial statements are subjectto statutoryaudit. Can UDIN be generated backdated? Generally, UDIN is generated at the time of signing the respective document.However, UDIN can also be generated within a period of 15 days (extended to 60 days) of the signing thedocuments. What is the purpose ofUDIN? UDIN is a unique process adopted by the ICAI to curb misrepresentation by anythird person, posing as CA, who generally forge signatures on the documents to mislead variousauthorities. What is UDIN No. forCA? UDIN is a unique number being generated on the UDIN portal for every certificateand such other documents that have been attested by aCA. What is the validity ofUDIN? Time limit for generation of UDIN has been extended from 15 days to 60days. For which certificates UDIN ismandatory? From 1st February 2019, all the certificates issued by the Chartered Accountant should mandatorily haveUDIN. From when is UDINmandatory? UDIN is mandatory for all the certificates from 1st February 2019; for GST and Tax audit reports from 1st April 2019 and all other attest functions from 1st July2019. What is the requirement ofUDIN? UDIN on any certificates/ documents/ reports verifies that it is certified by aChartered Accountant.

5. When should UDIN begenerated? Generally, UDIN is generated at the time of signing the respective document/ certificates/ reports etc. But, UDIN can be generated within a period of 15 days (extended to 60days) of the signing thedocuments. How can I verify my UDINnumber? To verify UDIN number, one needs to follow the below steps- STEP 1 – Visithttps://udin.icai.org/search-udin. STEP 2 – Enter followingdetails- Name, MobileNo., E-mail, UDIN, STEP 3 – Click ‘SendOTP’. What happens if UDIN is notgenerated? In case the UDIN is not generated, the same will amount to professional misconductand accordingly disciplinary proceedings can be initiated as per the Second Schedule PartII. Tags: CA Sandeep Kanoi, I CAI,UDIN Kindly Refer to Privacy Policy & Complete Terms of Use andDisclaimer. AuthorBio Name: CA Sandeep Kanoi Qualification: CA in Job / Business Company: Taxguru Consultancy / TaxguruEdu Location: Mumbai, Maharashtra, India Member Since: 27 Feb 2017 | Total Posts: 909 A Blogger by Passion and a Chartered Accountant by Profession. View FullProfile

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