Nepal Chamber calls govt’s attention to entrepreneurship difficulties
KATHMANDU: Nepal Chamber of Commerce (NCC) has drawn the attention of the government to entrepreneurship difficulties some provisions in the proposed Finance Bill might create.
President of the NCC Rajesh Kaji Shrestha on Saturday met with Prime Minister KP Sharma Oli and briefed him on existing entrepreneurship and supply difficulties.
During the meeting, NCC president Shrestha protested the government’s decision to implement the Vehicle and Consignment Tracking System viewing it as negative. He rather suggested not enforcing the system on short route supply made by producers, importer, retail traders and distributers.
Imposing value-added tax on supply of goods would directly affect consumers, he argued, adding that bringing suppliers under the ambit of VAT involves practical difficulties.
He has also taken provisions of PAN registration on the sale and purchase exceeding Rs 1,000 as irrelevant in terms of the existing market situation, while suggesting that the government should impose PAN registration on the sale and purchase exceeding Rs 5,000.
He also proposed non implementation of a provision wherein payment without PAN registration is illegal in a context when there are many Indian workers in the country.
In response, acknowledging suggestions by the NCC, PM Oli said efforts would be made to facilitate difficulties facing the private sector. He also stressed the need for the business community to operate while sticking to policies and rules brought by the state.
Published Date: Saturday, July 20th, 2019 | 10:09 AM