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
NMB Bank in association with Cititech and Smart Choice Technologies launches Loop Purchase Credit and EMI service
Kathmandu. NMB Bank Limited has entered into a tripartite agreement with Cititech Group and Smart Choice Technologies SCT to join the Loop Network as 'Issuer Bank'. Through this collaboration, NMB Bank is going to provide easy loan and installment...
The process of breaking the sick contracts of roads and bridges has started, 17 contracts are being broken
Kathmandu. The process of canceling the contracts for the construction of roads and bridges, which have been stalled for years due to lack of work, has started.
Under the Road Department, Postal Road Directorate, Federal Road Supervision and...
NADA expresses grief over severe floods in Rasuwa, urges vigilance in affected areas
Kathmandu. Nepal Automobile Importers and Manufacturers Association NADA has expressed deep sorrow over the extensive damage caused to life, infrastructure and public and private property in Timure, Syafrabensi and Rasuwagadhi areas due to the sev...
35 industries paid 238.7 million dedicated and trunk line tariff arrears
Kathmandu. 25 new industries which consumed electricity from dedicated and trunk line structures during load shedding in the past have paid the first installment of premium tariff arrears. Earlier, 10 industries which...
The selling rate of the dollar is 153 rupees 52 paisa, what is the price of the currency of the Gulf countries?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Friday. According to the information released by the Central Bank, today the buying rate of one US dollar is 152 rupees 92 paisa and the selling rate...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 81 paisa and the selling rate is 147 rupees 41 paisa. Similarly,...



