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Government Mandates Inclusion of HS Code on VAT Bills for Imported Goods

KATHMANDU: In a significant regulatory update, the government has mandated that traders must include the Harmonised System (HS) code when issuing VAT bills for imported goods. This change comes as part of an amendment to the Value Added Tax Regulation 1997. The revised rule states, “Now traders need to...

Government Mandates Inclusion of HS Code on VAT Bills for Imported Goods
CIB of Nepal Police Arrests Second Individual in HyperFund Scam; Millions of Rupees Lost by Nepalis

CIB of Nepal Police Arrests Second Individual in HyperFund Scam; Millions of Rupees Lost by Nepalis

Incessant Rain triggers floods and landslides in Sankhuwasabha district

Incessant Rain triggers floods and landslides in Sankhuwasabha district

Bangladesh cabinet approves import of 40 MW electricity from Nepal

Bangladesh cabinet approves import of 40 MW electricity from Nepal

FNCCI President calls for foreign investment to realize social justice

FNCCI President calls for foreign investment to realize social justice

Nepal Electricity Authority launches state-of-the-art international-level data center

Nepal Electricity Authority launches state-of-the-art international-level data center

House of Representatives set to pass 2024/25 budget on June 21

House of Representatives set to pass 2024/25 budget on June 21

Banks slash interest rates amidst excess liquidity and economic slowdown

Banks slash interest rates amidst excess liquidity and economic slowdown

Global IME Bank launches “Digital Universe” to offer most banking services online

Global IME Bank launches “Digital Universe” to offer most banking services online

Experts optimistic about Nepal’s 3 trillion rupees IT export goal

Experts optimistic about Nepal’s 3 trillion rupees IT export goal

Secured Transactions Bill passed

Secured Transactions Bill passed

Remittance inflows surge despite fewer Nepalis going abroad

Remittance inflows surge despite fewer Nepalis going abroad

154 km Dhalkebar-Inaruwa Transmission Line Completed

154 km Dhalkebar-Inaruwa Transmission Line Completed

Central Bank Intervenes with Rs 30 Billion Mop-Up to Stabilize Market

Central Bank Intervenes with Rs 30 Billion Mop-Up to Stabilize Market

Government conducts Rs 2.40 billion in cash transfers over one month

Government conducts Rs 2.40 billion in cash transfers over one month

NAS-IT to showcase Nepal’s IT talent at London Tech Week 2024

NAS-IT to showcase Nepal’s IT talent at London Tech Week 2024

Global IME Bank Launches ‘Digital Universe’

Global IME Bank Launches ‘Digital Universe’

Third edition of Digital Nepal Conclave concludes

Third edition of Digital Nepal Conclave concludes

Nepal Achieves Electrification Milestone with New 400 kV Substation in Hetauda

Nepal Achieves Electrification Milestone with New 400 kV Substation in Hetauda

NRB Reports Massive Rs 918 Billion Investment by Banks in Government Credit Instruments

NRB Reports Massive Rs 918 Billion Investment by Banks in Government Credit Instruments

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