Ministry of Corporate Affairs (MCA) vide notification dated 01st April 2021 has deferred mandating Companies to use Software with an Audit Trail of each Transaction till 01st April, 2022.
Kindly note that:
The MCA had earlier notified that every company which uses accounting software for maintaining its books of account shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.
Now, this notification now shall come into force with effect from the 1 April, 2022 only.
Source:
http://www.mca.gov.in/Ministry/pdf/AuditAuditorsAmendmentRules_01042021.pdf
http://www.mca.gov.in/Ministry/pdf/AccountsAmendmentRules_01042021.pdf
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