October 10: The Inland Revenue Office, Biratnagar, held a discussion with the transport entrepreneurs in order to clear the confusion caused by the Finance Act 2080, which mandates cargo operators with annual transactions more than Rs 5 million to be registered under Value Added Tax (VAT).

During the discussion, the businessmen complained that they were confused by the government’s decision to add and remove VAT on cargo from time to time.

The government had implemented VAT on cargo in 2076. It was removed in 2078 and now has put it back. The transport entrepreneurs with transaction more than the amount specified by the Finance Act must register themselves under VAT keep clear details of transaction and also issue bills.

Answering the questions raised during the discussion, Dr DB Chhetri, the chief tax officer of the office emphasized that everyone should follow the new policy introduced by the government. 

The event was attended by Meghraj Sigdel, deputy general secretary of the Truck Traders Federation, Shambhu Bhattarai, vice president of Biratnagar Transport Association Morang, General Secretary Khagendra Sigdel and other stakeholders.

Dr Chhetri informed the businessmen about the change in the government's policy.