IRD Clarifies No VAT on Electricity Consumed Until End of Asar

Banking News – Nepal's Inland Revenue Department (IRD) has clarified that Value Added Tax (VAT) will not apply to electricity consumed until the end of Asar (mid-July), even if the billing is issued in Shrawan (mid-July to mid-August) or later. The clarification follows confusion surrounding the implementation of the Finance Act, 2083 (2026/27), under which…