Audit and Information Powers
Statutory Basis: VAT Act §TBD (pending validation)
What statute says
The Value Added Tax Act, 2014 (as amended) grants the Comptroller of Revenue audit and information-gathering powers, including the right 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 specific section governing audit and information-gathering powers is pending PO/Julian validation under issue #110. This page will be updated once the authoritative section is confirmed.
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.