Kathmandu, Oct. 13 -- Tax authorities have told nearly 30,000 firms that have failed to submit details of value-added tax they collected and asked them to clear the dues of up to mid-July 2018 or else face de-registration.

The Inland Revenue Department on Friday released a list of 29,447 firms registered to collect value-added tax on goods and services they sell but who failed to submit details and deposit their collections accordingly.

As per the section 21 (3) of the Financial Act 2020, the tax authority has asked these taxpayers to submit the tax details and pay the tax including 50 percent fine on the top of the tax dues by mid-March next year.

As per the provision of the Financial Act, tax authorities will remove those who failed ...