VAT on electricity will be applicable from July 1 only
-
Media Baaji
- Tue, 28 July 2026
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
Illegal goods worth 3.5 million seized in Rasuwa in 9 months
Rasuwa Illegal imported materials worth Rs 351 lakh 76 thousand 420 have been seized in Rasuwa from July to March of the current financial year. According to the Rasuwa Customs Office, as part of the revenue leakage control campaign, the goods of...
No longer needing a bank to take a loan, Rashtra Bank is implementing formal loan transactions between individuals
Kathmandu. The Governor of Nepal Rastra Bank, Dr. Vishwanath Poudel, today announced the 25th monetary policy for the fiscal year 2083 and 84. This year's monetary policy has placed special emphasis on digital financial instruments and regulatory...
Bagmati province to refund the money of the savers of five troubled cooperatives
Kathmandu. Bagmati Province, the office of the distressed cooperative management committee is returning the savings of small savers of five distressed savings and credit cooperatives from today.
Rameshwar Dhakal, a member of the committee, i...
The World Bank will give 50 million dollars for Nepal's digital transformation
Kathmandu. The World Bank is going to give 50 million dollars for Nepal's digital transformation. Recently, the Executive Board of Directors of the World Bank, sitting in Washington, has decided to give this support to Nepal under the 'Nepal Digit...
Gold prices fell modestly, while silver rose
Kathmandu. On Thursday, the price of gold in the Nepalese market has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by Rs 100 per tola to Rs 3 lakh 6 thousand 500 per tola. Earlier on...
Here is the foreign currency exchange rate set for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar is 144 rupees 13 paisa and the selling rate is 144 rupees 73 paisa. Similarly, the b...