Preamble

Preamble: Whereas it is expedient to increase the mobilisation of revenue needed for the economic development of the country by making the process of revenue recovery effective and to levy the revenue in an effective manner by systematising the process of recovering the Value Added Tax on all kinds of transactions, including sale, distribution, transfer, import and export of goods and services and to realise the tax;

Now, therefore, Parliament has enacted this Act in the Twenty-fourth year of the reign of His Majesty King Birendra Bir Bikram Shah Dev.