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
These are the foreign currency exchange rates fixed for Monday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Monday. According to the determined exchange rate, the buying rate of one US dollar is 145 rupees 28 paisa and the selling rate is 145 rupees 88 paisa. Sim...
Ministry's directive to refund fees collected illegally from students
Kathmandu. The Ministry of Education, Science and Technology has directed all concerned to refund the illegally collected fees to the students. The ministry issued a statement on Wednesday and directed some institutional schools to return the amou...
Gold price increased, how much per tola?
Kathmandu. The price of gold and silver has increased in the local market on Sunday. Compared to last Friday, gold has increased by Rs 1,900 and silver by Rs 40. According to the Nepal Gold and Silver Trade Federation, today the price of one tola...
SY Panel's IPO Allotment, Here's how to view the results
athmandu. SY Panel Limited has distributed the IPO issued to the general public from October 19th to 23rd. The company had opened the IPO sale of a total of 44 lakh 76 thousand 156 shares to the general public at a rate of Rs 100 per share. ...
Today's foreign currency exchange rate fluctuations: what is the value of the dollar, euro and pound?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of various foreign currencies for today. According to the information released by the Central Bank, today the buying rate of one US dollar is 152 rupees 04 paisa and the selling rate is...
4.28 points decline in NEPSE, turnover of 4 billion 71 crores
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 4.28 points to 2645.24. During the day, 18,60,828 shares of 325 companies were bought and sold, and over 4.71 billion shares were traded. T...



