Audit and Information Powers
Statutory Basis: Value Added Tax Act, 2014, s. 58
What statute says
Value Added Tax Act, 2014, s. 58 grants the Comptroller audit and information-gathering powers, including the ability to inspect records, request explanations, and obtain supporting evidence to verify VAT compliance. Businesses are expected to provide complete, timely, and coherent documentation of filed returns and underlying transactions.
The practical standard is audit readiness: records should be traceable from source document to return line, with a clear history of adjustments and user actions.
What platform does
CoralLedger Comply provides immutable-style audit logging, report export options, and event-level visibility across transaction, return, and administrative actions. This helps teams assemble audit packs and demonstrate control history.
Cross-functional views in Audit Trail and related reports support faster issue investigation when regulators request transaction-level detail.
Customer responsibility
You remain responsible for responding to official information requests, confirming legal privilege boundaries, and providing complete source evidence outside the platform where required.
Customer teams should maintain an audit response process that includes ownership, timelines, and document quality checks.