Pan Bill & Vat Bill In Nepal-Difference-limitation of pan & vat

PAN (Permanent Account Number)

Do you want to know more about pan bill and vat bill in Nepal? Are you searching Pan bill & Vat Bill format in Nepali & English ? Do you want to know about the limitation of Pan bill and VAT Bill ? What is difference between pan bill & Vat ? If yes, then read this small article of ours. We have tried to answer all these questions.

Types of PAN

1. Personal Pan and

If you work for any organization or company, you need to get a personal number. This way you don’t have to pay any income tax to the government when you get a personal number. The company deducts a few percent from your salary and pays taxes to the government.

2. Business Pan

If your business holder, you should take a Business PAN and you need to keep a record of each of your transactions.

Different between PAN & VAT

  • If your business is related to sales and production of goods and you sell up to 5 million items in a year, you can register your business in PAN.
  • If your business is not related to sales and production of goods but related to services and your turnover does not exceed 2 million throughout the year, you can still run your business by registering in PAN.
  • If your business is related to sales and production of goods and you sell or trade more than 5 million items in a year, you need to register your business for VAT.
  • If your business is not related to the sale and production of goods but to the service and your turnover is more than 2 million throughout the year, you still need to register your business for VAT.
  • You will not be allowed to pay more than Rs. 10,000/- That is, the limit of one pan will is Nrs. 10,000/-. If you pay more than Nrs. 10,000/- bills, you may need to register for VAT.
  • You can pay VAT as much as you want. That is, it has no boundaries. This is because there is no limit to the 13 percent tax benefit to the government when paying the VAT bill.
  • Normally the size of the pan will be as small as possible which can be printed in any size but you will not be able to change the size of the vat will as per the requirement. You can make it as big as you need but you can’t make it small.

PAN Bill & VAT Bill Format in Nepali & English

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Contact Numbers

For Out of Valley: 9815260676 (Kusang Tamang)

For Valley: 9864482362 (Sandesh Vai)

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