Consequences if audit report filed without UDIN or If CA fails to update the UDIN within 15 days

Consequences if audit report filed without UDIN or If CA fails to update the UDIN within 15 days Question arises that What happens to the form if the CA uploads it without the UDIN or fails to update the UDIN within 15 calendar days, but the form is accepted by the taxpayer? The uploaded form will be considered invalid, with all legal ramifications. [caption id="attachment_189809" align="aligncenter" width="1200"] audit report[/caption]

Consequences as per ICAI:

The generation of UDINs is required by ICAI Council Decision. As a result, failing to generate UDIN for mandatory certificates or documents may constitute non-compliance with the ICAI Council Decision. Non-compliance with the council decision may also result in disciplinary action under the Second Schedule Part II of the Chartered Accountants Act, 1949.

What is Unique Document Identification Number (UDIN)?

The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities and stakeholders, pioneered in conceptualizing a unique concept which is called "Unique Document Identification Number (UDIN) ". Unique Document Identification Number (UDIN) is 18-Digitsystem generated unique number which has to be generated by Full- time Practicing Chartered Accountants for every document certified/attested by them. As per the decision of the Council of ICAI, UDIN has been made mandatory in phased manner as per following schedule:

• 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.