To file VAT returns in IRD Nepal from the taxpayers portal, you can follow the below steps:
1. Visit the official website of the Inland Revenue Department (IRD) Nepal: http://www.ird.gov.np/.
2. From the Side menu go to VAT and Click on 'VAT Return Entry'.
3. Fill up the information required to generate a submission number. Save the Submission number to complete filing return at a later date.
4. Enter the Year and whether the return is monthly/Bi-monthly or Quarterly and select the Month.
5. There are Basically three sections viz. Sales, Purchase and Others.
6. Under Sales section, Enter the Amount of taxable sales, Export Sales and Exempt Sales as uploaded in the
7. Also enter the amount of tax in the 'विक्रिमा तिरेको कर डेविट' section. Note that 'कारोबार मूल्य' Should be Sales exclusive of VAT.
8. Under खरिद/पैठारी Section Enter the amount of taxable and exempt purchases and Imports.
9. For 'कर लाग्ने पैठारी' Enter the value for VAT purposes which includes customs and Excise duty if any.
10. Under 'अन्य' There are two sections viz. debit and credit. Under Debit those items are included for which you have already taken credit where you should not have and under credit, those items are included for which you have omitted to take credit or paid extra VAT.
11. if you have such purchases or sales which you have omitted or returned after taking or paying credit. You will need to fill up the Column.
12. Click on 'अन्य थपघट क्रेडिट छ ?' button to open a dialog box. Under Credit Advice, enter the amount of VAT that you have already paid on sales but the sales was returned by the purchaser to you. Under 10% refund, enter if there is such amount. and enter other credit which you have under the 'अन्य' row which can include accidental omission of recording purchase invoice in which you have paid VAT.
13. After entering all details, total tax payable/receivable will be populated on Column "5". Enter if there is any credit from previous months. After this column 7 is populated automatically. If the amount is positive, its tax payable and if its -ve its tax receivable.
you can make payment from here or you can first submit a return and later pay after logging in your taxpayers account.
After submitting the return, its not finalized until it is verified. To verify, log in your tax payer portal, go to verification, enter the submission number and click on verify. Once verified, you cannot edit, so tread carefully.
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