Threshold for Compulsory VAT Registration for Transport or Courier Business

By Nishan Khadka · Practical Issues and Solutions · 2 years ago · 1 min read

Inland Revenue Department (IRD) has introduced VAT registration of transport and courier business in Nepal from fiscal year 2080/81.

Do you know the threshold for compulsory registration in VAT?

Inspite of being service nature business, transport and courier business should be compulsory registered in VAT only if it crosses the turnover of fifty lakhs rupees i last twelve months.

 


Nishan Khadka

Nishan Khadka

Chief Executive Officer

He is a Semi Qualified Chartered Accountant from the Institute of Chartered Accountants of Nepal with expertise in accounting, taxation, and financial reporting. He is also a Xero Advisor Level Certif...