5.3 Collection of VAT

The charge: on every taxable supply of goods and services in Nepal by a taxable person, and on imports; Place of supply: where goods are delivered or services performed; imports at the customs point; digital services where the consumer sits (the e-commerce extension); Time of supply: generally when goods are supplied or the service performed (invoice and payment timing rules) — the trigger fixing the tax period; The monthly cycle: output tax on sales minus input tax credit on purchases (blocked credits on the exempt side); net payment by the return's date; excess carries to credit or refund; Taxable price: the consideration excluding VAT itself, adjusted for discounts under the invoice discipline.