VAT Audit

The objective of a VAT audit is to close the gap between the tax declared by VAT dealer and the tax legally due. The aim of VAT audit is to encourage the highest possible level of voluntary compliance using a system of self-assessment.

Following are the main aspects undertaken by us while performing VAT audit:

  • Consideration of all provisions related to the Act after checking it’s applicability.
  • Understanding business process of a dealer to identify appropriate tax applicability.
  • Acknowledge Hawala, non filer , short filer dealers.
  • Computation of VAT liability & matching it with VAT returns.
  • Ensuring timely completion of VAT audit.
  • Advising & guiding client so as to avoid litigation in future assessment.