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.
UDIN by CAs can be generated within 30 days of the signing of Audit Report as against 15 days.
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 from signing certificates / Reports issued till 31st December 2019.
It should be noted that ICAI Council has decided to extend the grace period to generate UDIN from 15 days to 30 days as a onetime measure for certificates / Reports issued till 31st December 2019 and thereafter the time limit shall be only 15 days as before.
However, this information is not yet updated on ICAI Website. The official announcement by ICAI is still awaited.