VAT & Excise

For VAT, start with what was supplied, the parties involved and the transaction date. Registration, the status of the supply, invoicing and input-credit eligibility are related but distinct questions. For excise, identify the goods or service and the relevant licensing and control regime before using a schedule.

Reconcile sales, purchases, imports and adjustment documents with the return. Retain invoices and the reason for each credit note, debit note or restriction. A calculator can illustrate arithmetic; it cannot decide the legal eligibility of a purchase or supply.

• Input VAT credit in Nepal
• Blocked and Partial Input VAT in Nepal
• Construction Contracts in Nepal — Revenue, Retention, VAT and Procurement Controls
• Excise in Nepal — Goods, Rates, Licensing and Renewal
• Excise Records, Stamps, Returns and Assessments — Nepal Control Guide
• IRD Closure, Refunds and Electronic Billing — Three Separate Procedures
• Online Business Taxation in Nepal
• Value Added Tax (VAT) in Nepal — Complete Overview
• VAT Assessment, Tax Audit and IRD Investigation in Nepal
• VAT Credit Notes and Debit Notes in Nepal
• VAT Deregistration in Nepal — Cancellation Procedure & Closing VAT
• VAT Late Filing, Interest, Additional Fees and Penalties in Nepal
• VAT on Imports and Exports in Nepal
• VAT Refund in Nepal — Exporter Refund, Excess Credit & Claim Procedure
• VAT Registration in Nepal — Thresholds, Mandatory & Voluntary Registration
• VAT Return Filing and Payment in Nepal
• VAT Supply Classification — Taxable, Exempt, Zero-rated, Time, Place and Value
• VAT Tax Invoice Requirements in Nepal

• VAT Act

  IRD

• VAT Rules

  IRD

• VAT Directives

  IRD

• Excise Rules

  IRD

• DST and VAT for Non-resident Digital Services

  Inland Revenue Department (IRD)

• IRD Forms and Formats

  Inland Revenue Department (IRD)

• VAT Overview
• VAT Registration
• VAT Registration Threshold
• Voluntary VAT Registration
• Taxable, Exempt & Zero-rated Supplies
• Time of Supply
• Place of Supply
• Value of Supply
• VAT Invoice / Tax Invoice Requirements
• Input Tax Credit
• Blocked / Non-creditable Input VAT
• Mixed Supplies & Input VAT Apportionment
• VAT Returns & Payment
• Debit Notes & Credit Notes
• VAT on Imports & Exports
• VAT Refunds
• VAT Deregistration
• VAT Records, Assessments, Interest & Penalties
• Excise Duty Overview
• Excise Registration & Licensing
• Excisable Goods & Services
• Excise Rates & Schedules
• Excise Invoices, Records & Control
• Excise Returns & Payment
• Alcohol / Tobacco / Controlled Excise Compliance
• Excise Assessments, Interest & Penalties
• VAT on Digital Services Supplied by Non-residents
• VAT on E-commerce and Online Marketplaces
• Electronic Billing, E-invoicing, ECR & CBMS
• VAT on Construction, Contracts and Retention Payments
• VAT Audit, Investigation and Reassessment
• Electronic Excise Controls, Stamps and Verification
• Excise Licence Renewal, Suspension and Cancellation