October 27, 2026, Tuesday
English

VAT on electricity will be applicable from July 1 only

Main News Image

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.

mediabaaji add

Related News

Financial statements of companies applying for IPOs will now be subject to mandatory review

Kathmandu. The Nepal Securities Board has implemented a system to review the financial statements of companies applying for initial public issue IPO through accounting experts. The board has issued the 'Standards for Revision of Financial Statemen...

Heavy fall in the price of gold, now how much per tola?

Kathmandu. The price of gold in the Nepalese market has fallen drastically today. Gold fell by Rs 5,400 per tola in one day. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 32,300 rupees per tola today.

On...

Here are the foreign currency exchange rates for today

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 149 rupees 64 paisa and the selling rate is 150 rupees 24 paisa. Similarly,...

24 crore cardamom sale from Lamjung

Lamjung. This year, an income of Rs. 243.3 million has been received from the sale of cardamom seeds in the district. According to Hari Bahadur Mizar, Agriculture Officer of National Agricultural Modernization Project Implementation Unit Lamjung,...

Sanima Middle Tamor Hydropower's dividend declaration, general meeting call

Kathmandu. Sanima Middle Tamor Hydropower Limited is going to distribute 5.263 percent cash dividend to the shareholders. The meeting of the board of directors of the company has proposed to distribute the dividend from the distributable accumulat...

Plain-clothes police deployed at depots in the valley to prevent black market of gas

Kathmandu. Plain-clothed policemen have been mobilized at various gas depots in Kathmandu Valley following reports of black-marketing of cooking gas by creating an artificial shortage. In coordination with the Ministry of Home Affairs and the Mini...