Deepak Gupta | Mar 10, 2022 |

Get Ready for Another Compliance; MCA Audit Trail to be implemented from 1st April 2022

As per Ministry of Corporate Affairs (MCA) notification number G.S.R. 205(E) dated 24th March 2021 Companies are required to use software with an audit trail of each transaction. This requirement was deferred to 1st April 2022 by notification number G.S.R. 247(E) dated 1st April 2021.

As the date is coming near, Bussiness should be ready to face this new challenge that is going to hit the business from 1st April 2022. The Accounting software like Tally, SAP, etc. being used by businesses are now required to be updated in compliance with this requirement.

Many Rules changing from 1st April’22, Burden on Taxpayers Pocket will Increase; Check Details

Another Accounting change or compliance applicable on business from 1st April 2022, is that E-Invoicing is now mandatory for Turnover of more than Rs 20 cr. Refer: Breaking: E-Invoicing Mandatory from 1st April 2022 for Turnover 20 Crore

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Tags: Audit, MCA

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Name: Deepak Gupta

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Location: Delhi, India

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Trainer of Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools. CA Deepak Gupta, is Having more than 13 plus years of industry experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

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