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

Rastra Bank is issuing 20 billion rupees bonds today

Kathmandu. Nepal Rastra Bank is going to issue bonds worth 20 billion rupees again today on January 23rd. The Central Bank is going to issue 'Nepal Rastra Bank Bond 2083 E' today. This bond will be discussed online till 2 pm today. The interest ra...

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...