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Goods and service tax (GST) became a hot topic in Nepal after it was adopted by India last July. The question is not what impact GST will have on Nepal’s economy, but what the repercussions of incorporating GST will mean. Speaking at a programme at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Finance Minister Yubaraj Khatiwada said that the time had come to discuss which system of taxation will be better for Nepal: value added tax (VAT) or GST.
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