What is VAT? VAT practice questions.

 

VAT = Value Added Tax 

VAT भनेको के हो? (What is VAT?)

यो अप्रत्यक्ष कर (Indirect Tax) हो जुन प्रत्येक चरणमा value (मूल्य) बढ्दा सरकारले लिन्छ।

जे सामान/सेवा उत्पादन, बिक्री वा वितरण हुँदै जान्छ, त्यही प्रत्येक चरणमा थपिएको मूल्यमा VAT लाग्छ। अन्तिममा करको भार उपभोक्ता (Customer)     लाई पर्छ। व्यवसायले VAT उठाएर सरकारलाई बुझाउने काम गर्छ।

VAT किन लागू गरिन्छ? (Why VAT is used?)

•          सरकारी राजस्व बढाउन

•          व्यवसायलाई बिल दिन प्रोत्साहन गर्न

•          कच्चा माल देखि विक्रीसम्मको पूर्ण हिसाब राख्न

•          कर प्रणालीलाई सरल, पारदर्शी बनाउन

•          कर छलछाम रोक्न

VAT कहाँ–कहाँ लाग्छ? (Where VAT Applies?)

✔ उद्योगमा

• ·         कच्चा पदार्थ किन्दा
• ·         उत्पादन बिक्री गर्दा

✔ व्यापार (Wholesale / Retail)

• ·         मोबाइल, TV, Laptop
• ·         इलेक्ट्रोनिक्स, कपडा
• ·         फर्निचर
• ·         मेसिनरी
• ·         Hardware, Electronics Parts

✔ निर्माण / Construction

• Cement, rod, pipe
• Construction services

छोटोमा भन्नुपर्छ भने—व्यापार, उद्योग, उत्पादन, सेवा, आयात–सबैमा VAT लाग्छ।

VAT नलाग्ने (Exempt) वस्तु तथा सेवा?

✔ खानेकुरा

• ·         दुध
• ·         गहुँ/चामल
• ·         दाल
• ·         नुन
• ·         तरकारी

✔ सामाजिक सेवा

• ·         शिक्षा सेवा
• ·         स्वास्थ्य सेवा (Hospital Services)

·         Non-profit सेवाहरू

✔ कृषिमा प्रयोग हुने चिजहरू

• बीउ, औजार
• मल, पशुपंक्षी औषधि

✔ यातायात (Passengers)

• यात्रु ढुवानी (Bus, Micro, Taxi भाडा)

VAT को फाइदा (Advantages)

v  महसुल वृद्धि

v  कर छली रोकथाम

v  व्यापारमा पारदर्शिता

v  बिल दिने संस्कार

v  Organized business सिस्टम

Vat Practice Questions

Purchase Related

1. Credit purchase of

 Laptop           65000/-

AC                  115000 /-

Mobile                        15000 /-

worth Rs. 195,000 plus 13% VAT from Shivashakti Electronic Pasal.

2. Cash purchase of Shoes worth Rs. 25,000 plus 13% VAT from Balen Shoe Store.
3. Purchase of Car worth Rs. 2500,000 plus 13% VAT on credit from Everest Car House.
4. Purchase of Mobile worth Rs. 10,000 plus 13% VAT to New Mobile Gallery.
5. Purchase of Furniture worth Rs. 80,000 plus 13% VAT on credit from Gorkha Furniture Udhyog.

Sales Related

6.      Credit sales of Television worth Rs. 70,000 plus 13% VAT to Himal Electronics.

7.      Cash sales of Shirt worth Rs. 15,000 plus 13% VAT to a customer at Cotton Wear Collection.

8.      Export sales of Coffee worth Rs. 1,00,000 (VAT not applicable) to Japan Coffee Import Pvt. Ltd.

9.      Sales of Laptop worth Rs. 20,000 plus 13% VAT from Digital World Traders.

10.  Credit sales of Computer worth Rs. 60,000 plus 13% VAT to Techno Computer Hub.

VAT Payment / Refund

11.  Pay VAT Rs. 6,000 to Government through Bank of Kathmandu.

12.  VAT refund of Rs. 3,500 received from Government into Global IME Bank.

Mixed Transactions

13.  Purchase of Machinery worth Rs. 1,50,000 plus 13% VAT on credit from Bhairab Machinery Suppliers.

14.  Credit sales of Furniture worth Rs. 40,000 plus 13% VAT to Nepal Home Decor Center.

15.  Cash purchase of Mobile Covers worth Rs. 30,000 plus 13% VAT from Mobile Accessories Pasal.

16.  Cash sales of Refrigerator worth Rs. 22,000 plus 13% VAT at Cool Tech Electronics.

17.  Credit purchase of Printer worth Rs. 20,000 plus 13% VAT from Sagarmatha Computer Suppliers.