Terms of Service
These Terms govern your use of AutoFS. By creating an account you accept these Terms; if you do not accept, do not use the service.
Last updated 2026-07-16 · Version 1.2
1. Service
AutoFS is a cloud-hosted application for preparing Financial Statements of eligible Non-Corporate Entities under the ICAI Guidance Note format. We provide the tool. You remain solely responsible for accuracy, compliance, professional review, UDIN, filing, and determining whether the selected framework applies.
2. Accounts
One account per natural person. You agree not to share credentials. The firm Owner is responsible for managing team members, seats, and permissions inside the firm.
3. Acceptable use
- Prepare FS only for eligible entities within the ICAI Guidance Note scope.
- Do not attempt to circumvent access controls.
- Do not scrape, mirror, or resell the service.
- Do not upload malicious content.
4. Subscription + payment
Plans, prices, seat caps, and client caps are surfaced in the Billing settings. GST (currently 18%) is charged on top per Indian tax law; SAC code 998434 applies. The active billing provider and invoice terms are shown before purchase. Refunds follow the published Refund Policy and the order terms accepted at purchase.
5. Data ownership
You retain all rights to data you upload (trial balances, working papers, generated FS). We hold only a processing right to provide the service. See the Privacy Policy and Data Processing Agreement for details.
6. Retention + termination
On cancellation, data is retained read-only for 30 days, then archived for the applicable record-specific retention period. Audit engagement documentation is ordinarily retained for at least 7 years under ICAI SA 230. Customers remain responsible for every record-specific legal preservation period that applies to the entity and engagement. You may export using the in-product data export controls.
7. Disclaimers
The service is provided "as is". We do not warrant that generated outputs are free of computational errors or comply with every applicable regulation. You accept that the Chartered Accountant signing the FS is the sole authority on compliance and accuracy.
8. Limitation of liability
To the maximum extent permitted by law, our aggregate liability for any claim is capped at the subscription fees paid by the affected firm in the preceding twelve months.
9. Governing law
These Terms are governed by the laws of India. Disputes are subject to the exclusive jurisdiction of the competent courts at the location of our registered office in India, which is confirmed in your tax invoice and order documents.
10. Changes
Material changes are notified by email and in-app at least 30 days in advance. Continued use after the effective date constitutes acceptance.
Questions: legal@autofs.in.