Rule 42
Provision Relating To Deduction Of Sales Tax
Only the sales tax paid on the goods in the stock as follows, prior to the commencement of the Act can be deducted:
(a) On the goods brought by the taxpayer for re-sale,
(b) On the goods and services partly produced and co-produced for trade,
(c) On raw materials, subsidiary raw materials and packaging goods.
(a) On the goods brought by the taxpayer for re-sale,
(b) On the goods and services partly produced and co-produced for trade,
(c) On raw materials, subsidiary raw materials and packaging goods.
Value Added Tax Rules, 2053 (1996)
Chapter - 2
Rule 3: Applications For RegistrationRule 4: Examination Of ApplicationRule 5: Issuance Of Certificate Of RegistrationRule 6: Entrepreneur Carrying On Small Transaction Not Required To Get RegisteredRule 7: Special Circumstance Where Transaction Has To Be RegisteredRule 8: Determination Of Amount Of TransactionRule 9: To Give The Notice Of Change Of PlaceRule 10: Notice To Be Given To Change Nature Or Object Of TransactionRule 11: Transfer Of TransactionRule 12: Process Of Cancellation Of RegistrationRule 13: Use Of Registration NumberRule 14: Issuance Of Duplicate Copy
Chapter - 7
Rule 29: Power Of Tax Officer To Assess TaxRule 30: Tax, Additional Charge, And Interest Amount To Be PaidRule 31: Procedure Of Sending Notice Of Tax Assessment OrderRule 32: Assessment And Recovery Of Tax Collected By Unregistered PersonRule 33: Method Of Assessment Of Tax Of The Goods Already UsedRule 34: Requirement Of Submission Of Tax Return Prior To Making AppealRule 35: Circumstance Beyond ControlRule 36: Time-limit To Make Application For Remission Of AdditionalchargeRule 37: Period Of Tax AssessmentRule 38: Time-limit Of Collection Of Tax
Chapter - 8
Rule 39: Tax Deduction AllowedRule 40: Other Provision Relating To The DeductionRule 41: Goods Or Services In Respect Whereof Tax Deduction Not AllowedRule 42: Provision Relating To Deduction Of Sales TaxRule 43: Application To Be MadeRule 44: Provision Relating To Tax Deduction Of The Already Used GoodsRule 45: Provision Relating To Tax RefundRule 46: Non-refundableRule 47: Rate Of Interest
Chapter - 11
Rule 56: In Respect Of The Goods Or Services To Be Supplied Within Thekingdom Of NepalRule 57: In Respect Of Diplomatic PrivilegeRule 58: Free Assistance And NoticeRule 59: Pleading Relating To Value Added TaxRule 60: Format Of Identity CardRule 61: Power To Frame ManualsRule 62: Alteration In SchedulesRule 63: Repeal And Saving