Businesses with small transactions need not be registered:

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(1) Notwithstanding anything contained in Rule 3, any person carrying out transactions not exceeding ♂ Fifty Lakh Rupees in case of goods and Twenty Lakh Rupees in case of mixed transaction of goods and services, and services within the last twelve months as provided in Section 9 of the Act shall not be required to have their transactions registered. Such person who are not required to be registered shall affix a notice in place of transaction in the conspicuous manner stating that registration is not required because of the transaction not exceeding ♂ Fifty Lakh Rupees in case of goods and Twenty Lakh Rupees in case of mixed transaction of goods and services, and services.
 Provided that except when the person, engaged in tax exempted transaction in Nepal imports goods himself/herself for personal use, any other person who imports taxable goods worth more than Ten Thousand Rupees in one consignment shall have to register their transaction.
▲(1a) If the purchase sell stock cannot be distinguished from godown of any supply, for the purpose of tax, Tax Officer shall deem the purchase, sale and stock within the single transaction limit, and assess and recover the tax accordingly.

(2) Notwithstanding anything contained in Sub-rule (1), any person carrying out business with small transactions may file an application pursuant to Rule 3 if they desire to register their transactions voluntarily. If such an application has been filed to register the transactions voluntarily, the Tax Officer shall register the transactions under Section 9 of the Act by completing the procedures of examination referred to in Rule 4

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