Lion Amir Virani

Miscellaneous/Others

Important Update - Change in Digital Signature Issuance for CA, CS, Tax Consultants, Business Owners Are you aware that from 1st January 2021, you will no longer be able to use Class 2 DSC for any business or financial transactions? • After 1st January 2021, Class 2 DSC cannot be purchased or renewed • Existing Class 2 DSC will be valid and hence can be used until its expiry • After 1st January 2021, Class 3 DSC will be valid and can be used for various purposes including ROC, GST, Income Tax, PF, Tenders etc. Option 1: Buy Class 3 DSC (costs 3 – 4 times as much as a Class 2 DSC) Option 2: Buy Class 2 DSC before 31st December 2020 and save money. Contact Mytaxguru to know more! CCA has published new Identity Verification Guidelines Ver. 2.0 and as per that the following two important changes viz. – 1. CCA has decided to discontinue Class 2 Digital Signatures wef. 1st January 2021. What this means is that after 31/12/2020 only Class 3 DSC’s will be issued. 2. DSCs issuance (individual / organization) will be in paperless mode only. 3. All the existing DSCs & the DSCs processed & downloaded till 31st Dec'2020 will be Active till the date of expiry of DSC. So it is advisable to renew all the DSC which are expiring in near future. 4. Price of DSC for Class 3 will costs 3 to 4 times as much as a Class 2 DSC so you will end up spending more money than you can afford. 5. There will be a change in the rule of Video verification & will share this procedure update at the earliest. 6. DSC procedure will be Paperless only. No hard copies will be required. New Procedure of DSC issuance will be shared soon once it is release by CA. 7. From Jan'2021 recorded video by Applicant will have only 2 days of validity. Means Applicant has to inform approval authority immediately & get approval within 2 days from the day of video recorded. 8. Any DSC which has been approved have to be downloaded within 30 days. After 30 days it will be rejected automatically & counter did not credited back in to login. 9. As per the new rule now all Government DSC has to do verification like Email, Mobile & Video verifications. 10. There is no change in DGFT / Exim Digital Signature type, it remains as it is, however it may get paperless procedure soon. 11. Any un-utilized stock of Counter Class 2 only sign will be converted in to Class 3 only sign automatically on the basis of conversion ratio. The format of conversion ratio will be shared or you can view in your login after 31st Dec’2020. 12. There is no change in procedure of Organization Class 3 Sign+Encryption DSC type. However from 1st Jan’2020 only paperless type of DSC can issue. Contact Mytaxguru to buy Class 2 DSC without delay! • Phone: 022-2308-0666, +91-9223239277 • Email: dsc@mydsc.net To your continued success, Lion Amir Virani Business Support Specialist +919819784355 Team MyDSC(Prime Infotech Solutions)