VAT on electricity will be applicable from July 1 only
Kathmandu. The government has made it clear that the value added tax (VAT) imposed on electricity services will only be implemented from July 1. The Internal Revenue Department has said that even if the bill for electricity consumed in the month of June is issued in July, VAT will not be charged on it.
After the Nepal Electricity Authority included VAT in the electricity bill for the month of June, there were complaints from the consumers. After that, the department issued a notice on Monday clarifying the time when the tax will be implemented.
Express
Related News
An increase of 8.97 points in NEPSE, turnover above 11.1 billion
Kathmandu. On the fifth trading day of the week, the NEPSE index increased by 8.97 points to 2671.07. During the day, 277780584 shares of 337 companies were bought and sold, totaling 11.10 billion 25 million shares. Today, while the share price of...
Expensive lessons for the government due to lack of insurance, the loss of Gen-G movement exceeded 84 billion
Kathmandu. It is seen that the government itself has to bear the financial burden of the damage caused during the Gen-G movement due to the lack of insurance of government physical structures. According to the government report, more than 36 billi...
Here are the foreign currency exchange rates for today
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today 9 Monday 0. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 150 rupees 74 paisa and the selling rate has been fixed at 151 rupee...
The Gas Industry Association will provide a thousand 250 cylinders free of charge to the flood-affected
The Kathmandu. The Nepal LP Gas Industry Association has provided 1,250 gas cylinders to the people affected by the devastating flood in the Bhotekoshi River in Rasuwa. The association has announced to provide gas as a humanitarian aid to the...
Abolition of excise duty on 360 items, huge increase in alcohol, junk food and energy drinks
Kathmandu. The government has made extensive changes in various tax rates through the Economic Bill 2083. Presenting the budget for the next fiscal year 2083, 84, Finance Minister Swarnim Wagle informed that the excise duty levied on 360 different...
Saturday's exchange rate, the value of the dollar and the currencies of the Gulf countries
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Saturday. According to the Central Bank, today the buying rate of one US dollar has remained at 150 rupees 74 paisa and the selling rate has remained...



