{"id":308729,"date":"2026-07-27T19:13:54","date_gmt":"2026-07-27T13:28:54","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=308729"},"modified":"2026-07-27T19:15:05","modified_gmt":"2026-07-27T13:30:05","slug":"the-inland-revenue-department-has-said-that-there-is-no-need-to-pay-vat-for-the-lights-lit-in-july-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/the-inland-revenue-department-has-said-that-there-is-no-need-to-pay-vat-for-the-lights-lit-in-july-2\/","title":{"rendered":"The Inland Revenue Department has said that there is no need to pay VAT for the lights lit in July"},"content":{"rendered":"<p>Kathmandu. The Inland Revenue Department (IRD) has clarified that the Value Added Tax (VAT) applicable to electricity consumption as per the provision of Finance Act-2083 BS will be applicable only to the electricity consumed from mid-July. <\/p>\n<p>According to the department, VAT will not be levied even if a consumer has consumed or consumed electricity till Ashadh 12, 2083 BS and its billing is done on or after July 17. It has been clarified that the tax will not be attracted as the VAT exemption has been given to the electricity power before July 1 in the category of basic necessities. <\/p>\n<p>Consumers were angry after the Nepal Electricity Authority (NEA) included VAT as per the provision of Finance Act, 2083 while issuing electricity consumption bills in July. <\/p>\n<p>The Finance Act, 2083 BS has a provision that the institutions providing electricity service will have to collect 5 percent VAT from the end consumer and 13 percent in case of other individuals. However, consumers and businessmen were confused about whether the tax would be levied on the consumption before July 1 and whether VAT would be attracted on demand charge or not. <\/p>\n<p>According to the department, the electricity consumed from July 1 will also be attracted to the minimum charge or demand charge as per the approved tariff to be taken by the Nepal Electricity Authority (NEA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The Inland Revenue Department (IRD) has clarified that the Value Added Tax (VAT) applicable to electricity consumption as per the provision of Finance Act-2083 BS will be applicable only to the electricity consumed from mid-July. According to the department, VAT will not be levied even if a consumer has consumed or consumed electricity till [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":188854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45159],"tags":[],"class_list":["post-308729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=308729"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308729\/revisions"}],"predecessor-version":[{"id":308730,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308729\/revisions\/308730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/188854"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=308729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=308729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=308729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}