All the business institutions can submit VAT Return through online system from next January 2018. This system will be introduced on trial basis for six months. Firstly, the companies from Large Taxpayers Unit (LTU) will submit their VAT Return. Henceforth, the extent will get extended.
This online system is going to be introduced under the existing VAT Act, not the old one. So, numbers of proportionate of VAT will get implemented in this online system. That’s the reason some changes are being introduced in VAT Online Software, as per source of VAT Online Project Office from National Board of Revenue (NBR).