The VAT Audit Process of IDLC Finance Limited

Abstract

his report “The VAT Audit Process of IDLC Finance Limited” is the narration of my time interning at IDLC’s corporate Head Office. I joined the organization as an intern under the finance department. The topic was selected after consulting with my internship advisor and my supervisor at IDLC. The main objective of this report is to learn about the VAT audit process that is conducted in IDLC by the VAT&SD Act of 2012. This report states a short overview of IDLC, its organizational chart, products and services. It also contains a PESTEL analysis keeping in mind how the corona pandemic affected the industry as a whole and also IDLC. There is also a chart that includes the outcomes of the six capital of the organization with relevance to SDG goals. Most importantly this report narrates the VAT audit process which is the main objective of the paper. This report also includes my duties, responsibilities and learnings as a financing intern in IDLC Finance Limited. The challenges and limitations I faced during my internship.