An Act Made to levy and recovery Value Added Tax

Preamble: Whereas, it is expedient to increase the mobilization of revenue needed for the economic development of the country, by making the process of revenue recovery effective and to levy the revenue in effective manner by systematizing the process of recovering the Value Added Tax on all kinds of transaction including sale, distribution, transfer, import and export of goods and services and to realize 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.