Two days before the deadline set by Large Taxpayers Office for Ncell to clear its dues expires, the mobile company says it has still not taken a decision on the amount determined by the tax office.
In line with the order of the Supreme Court to collect capital gains tax from the private sector mobile company and its parent firm, Axiata, the Large Taxpayers Office on April 16 determined their capital gains tax liability at Rs39.06 billion, and asked them to pay the amount in seven days.
Since the order on the capital gains tax was passed by a full bench of the top court, officials and legal experts say there is no room for Ncell and Axiata to appeal to any other court of law.
However, the court order does not prevent Ncell from seeking an administrative review on the amount determined by the tax authorities.
The tax authority has determined value added tax to be paid by Pathao, a ride-sharing service company, at around Rs3 million although “the company never charged VAT on those who received the company’s service”, officials told the Post on Sunday.
According to Thapa, it is the initial assessment of tax to be paid by Pathao and the taxpayer has been notified about it. “After it responds to our assessment, we will determine the final amount,” Thapa said. Tax officials said that despite getting registered in VAT, Pathao failed to raise VAT—and subsequently failed to pay—so the tax office was forced to determine its tax liability.
As per Value Added Tax Act, VAT is applicable to the businesses whose annual turnover is over Rs2 million in case of service businesses.
But, in goods business, the minimum threshold is Rs50 million. Since Pathao and Tootle are service providing companies, VAT is applicable on both of them, tax officials said.
New Delhi is the major gateway for the flights to Nepal, commanding nearly 25 percent of a total 4.34 million annual air passenger movements to and from Nepal. According to travel agencies, all flights in the Kathmandu-Delhi sector have been sold out for April 22 and 23, and the airfare for the sector is at a historic high.
The last-minute airfares to New Delhi shot up to as high as Rs50,000 after the shutdown of Jet Airways last week. Hundreds of passengers have since been affected by high airfares while travel agencies say it may go up further if the seat shortage gap is not taken care of immediately.
Nepal’s national flag carrier, Nepal Airlines, has planned to step in to fill the market demand, and according to aviation officials, will increase its flight frequency to double daily from the existing 11 weekly flights to New Delhi starting May 1.
Nepal is expecting to have several of its projects identified by the government under China’s Belt and Road Initiative during the Second Belt and Road Forum for International Cooperation, being held in Beijing later this week.
At the end of the BRI conference on April 27, a joint communiqué will explicitly incorporate projects for Nepal under the initiative, enabling an environment for their execution, according to officials at the Ministry of Foreign Affairs.
President Bidya Devi Bhandari, who leaves for China on April 24, will represent Nepal in the forum.
The mango colada is creamy and sweet, with just a hint of its white rum base. It’s expertly made, but what’s unique about Abhishek Tuladhar’s version is that the drink comes in a wine glass with a mango popsicle. The addition of the popsicle elevates the cocktail and adds a touch of sweetness, and a whole lot of fun.
Tuladhar calls himself a “concoctionist” and an “aspirational mixologist” and since last year, he’s been turning out his own range of cocktails, a number of them with a uniquely Nepali twist.
When Tuladhar returned to Kathmandu in 2016, after a decade of living abroad, he’d acquired a strong taste for cocktails. But in Kathmandu, he discovered that the cocktails didn’t suit his palate, leading him to make his own, and share them with his family and friends. Thus was born Bar Stories by Abhishek, where Tuladhar attempts to bring something unique to cocktails. He caters events, weddings and parties, tailoring the drinks menu accordingly.
16.12°C Kathmandu
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