Special provision relating to temporary registration

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(1) Any person not registered (unregistered person) with Value Added Tax and engaged in taxable transactions in exhibition, fair and similar other programs to be organized temporarily, shall apply for registration pursuant to Section 10A of the Act with concerned Inland Revenue Office or Taxpayers’ Service Officer along with recommendation of concerned organizer.
(2) Two percent of the estimated income from the program shall be kept as guarantee while filing an application pursuant to Sub rule (1).
(3) Upon receipt of application pursuant to Sub-rule (1), Tax Officer of Inland Revenue Office or Taxpayers’ Service Office shall register the transaction and grant the certificate of registration bearing Registration Number

(4) Persons registering transactions as per Sub-rule(3) shall file value added tax return and deposit the tax in the concerned Inland Revenue Office or Taxpayers’ Service Office within seven days from date of the completion of the exhibition, fair or other programs of similar nature and shall file an application to cancel the temporary registration along with original copy of permanent account number certificate, tax clearance certificate for the temporary registration period and recommendation of the organizer.
(5) Upon receiving the application to cancel the temporary registration pursuant to Subrule (4), the concerned Tax Officer shall examine the value added tax return together with other documents and cancel the temporary registration within fifteen days and notify the applicant.
(6) Guarantee furnished by the applicant as per Sub-rule (2) may be adjusted with value added tax to be paid under Sub-rule (4).
(7) If upon examination pursuant to Sub-rule (5) additional tax liability is assessed, the applicant shall be issued a three days’ notice to deposit such additional tax. If the applicant does not deposit the additional tax within such period, tax shall be recovered from the amount furnished as guarantee by the applicant, and if the amount is inadequate, the remaining amount shall be recovered from the organizer.

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Special provision relating to temporary registration

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