Audit and Compliance

Under the Value Added Tax and Supplementary Duty Act, 2012, various types of audits are conducted to ensure compliance with VAT laws and proper tax administration. These audits may include general audits, special audits, risk-based audits, and investigative audits, each governed by specific rules, thresholds, and parameters set by the National Board of Revenue (NBR).
During an audit, the audit officer is required to submit a detailed report to the Commissioner or other competent authority. This report includes findings relevant to the assessment of tax liability and may request access to business records, supporting documents, transaction data, or other specific reports as necessary.
Shampan VAT software facilitates this process by offering a range of predefined reports aligned with NBR requirements. These reports assist taxpayers in complying with audit-related demands. If the audit team or NBR requests a report not currently available in the system, Shampan provides the required report free of cost within a reasonable timeframe, ensuring that businesses can meet compliance requirements without delay or additional burden.
The software is designed to remain updated with evolving compliance standards and audit expectations under the VAT & SD Act, thereby helping businesses avoid penalties and maintain transparency in their tax affairs.