Inland Revenue Department Lowers Threshold for Mandatory Electronic Billing to 200 Million Rupees

Kathmandu. The Inland Revenue Department has directed businesses with an annual turnover exceeding 200 million rupees to mandatorily issue invoices through electronic means. The department has implemented this provision by issuing a new directive.

Previously, this provision applied to businesses with a turnover exceeding 250 million rupees. However, the government lowered this threshold to 200 million rupees by issuing a new directive on Baisakh 4.

The new notice issued by the department states, 'Except for entities like banks and financial institutions that do not issue invoices directly to consumers/customers based on the nature of their transactions, all taxpayers with an annual turnover exceeding 200 million rupees must mandatorily issue invoices through electronic means.'

The department's decision, made on Chaitra 27, requires that such invoices be integrated into the department's Central Billing Monitoring System at the time of issuance. The department has issued instructions to the relevant stakeholders, taxpayers, and offices to implement this decision.

According to the department, companies exceeding the specified threshold must mandatorily be integrated into the Central Billing Monitoring System (CBMS). The department stated that every bill issued through this system will be automatically recorded on the government's central server.