: To increase the revenue mobilization by making the process of revenue collection necessary for the economic development of the country effective, it is desirable to organize the process of levying value added tax and collection in all transactions including the sale, distribution, transfer, import or export of goods or services and collect the revenue in an effective manner. Since, in the twenty-fourth year of the reign of Shri 5th Maharajadhiraj Birendra Bir Bikram Shahdev, Parliament has made this Act.