Category: Announcements

Government of Nepal Introduces Multiple VAT Rates. Is Your Business Ready?

Posted on by Aakriti Sapkota

The Government of Nepal proposed Fiscal Year 2082/83 (2025/26) budget introduces a significant change to the country’s VAT system. Instead of a single 13% VAT rate, the Government has proposed introducing multiple VAT rates, including 13% and 5%, along with provisions for VAT refunds or discounts on eligible digital payments. Businesses may need to manage different VAT rates across products and services while ensuring accurate billing and tax compliance.

What Could This Mean for Businesses?

Managing different VAT rates manually can increase the risk of billing errors, incorrect tax calculations, and compliance challenges. Businesses that sell multiple categories of products or services may need a billing system capable of handling varying tax rates automatically.

How IMS ERP Helps

IMS ERP is built to adapt to changing business and regulatory requirements.

With the Tax & Billing Module, businesses can:

  • Configure different VAT rates for different products and services
  • Calculate VAT automatically during billing
  • Generate accurate, real-time invoices
  • Access IRD-ready reports for easier tax management

Whether your business manages hundreds or thousands of products, IMS ERP helps simplify billing while reducing manual work and improving accuracy.

Stay Ready for Tomorrow

As Nepal continues moving towards digital tax reforms, businesses should ensure their billing systems are ready for future changes.

IMS ERP is designed to help businesses stay compliant, improve operational efficiency, and adapt confidently to evolving tax regulations.

Because when regulations change, your business software should already be ready.

Nepal Government Mandates MRP Labeling for Imported Goods

Posted on by Aakriti Sapkota

The Government of Nepal has made MRP labeling mandatory for all imported finished goods from Baisakh 15, 2083. Every imported product must carry an MRP label before customs clearance, and businesses are also required to issue bills for every sales transaction.

This regulation is intended to promote pricing transparency and protect consumers. For businesses managing a large number of products, manually handling MRP updates, billing, and inventory can be time consuming and prone to errors.

To simplify this process, IMS Software provides a smart and practical solution for businesses.Through the Inventory Info and Product Master modules, IMS ERP enables businesses to define and maintain MRP, selling price, barcode, unit, and tax details for every product from a single system.

IMS ERP allows users to generate and print MRP labels with essential information such as product name, batch number, expiry date, MRP, and barcode. Whenever goods are received, the system updates stock automatically and ensures that the correct MRP is reflected during billing and sales transactions.

IMS ERP also supports batch-wise inventory management, stock transfers between branches, purchase and sales tracking, reorder alerts, and detailed reports on stock valuation, movement, and profitability.

By integrating MRP labeling, billing, inventory control, and reporting into one centralized platform, IMS ERP helps businesses maintain pricing accuracy, improve operational efficiency, and comply with government regulations with ease.

IMS Billing helps High-Turnover Businesses Comply with CBMS in Nepal

Posted on by Aakriti Sapkota

The Government of Nepal, through the Inland Revenue Department, has introduced an important change that directly affects high turnover businesses. According to the latest decision, all taxpayers except banks and financial institutions with turnover above NPR 20 crore must now use electronic billing systems and connect to the Central Billing Monitoring System CBMS.

The department implemented this decision on 2082/12 /26 to improve transparency, strengthen tax compliance, and move businesses toward a more modern and digital way of operating. Because of this change, businesses can no longer rely on manual billing and paper invoices.

What CBMS Means for Your Business?

CBMS allows the government to monitor invoices in real time, ensuring that all transactions are properly recorded and tracked. For businesses, this means greater accountability. At the same time, not following this requirement could lead to issues during audits and increase the risk of non-compliance.

With this change, going digital is no longer just an option, it has become a necessity. Businesses now need to adopt reliable systems that not only help them meet these requirements but also make their operations smoother and more efficient in the long run.

How IMS Billing Helps?

In this situation, having the right technology partner matters. IMS Billing helps businesses smoothly transition to digital billing by making them CBMS-ready. With features like electronic invoicing, real-time invoice tracking, and centralized control, IMS ensures that all billing processes are aligned with IRD requirements. Instead of managing multiple systems, businesses can handle everything from billing to reporting within one reliable platform.

One of the key advantages of IMS Billing is its accessibility. Starting at just NPR 1500 per month, it offers an affordable and reliable solution for businesses looking to comply with CBMS without heavy investment. For the value it provides, it’s a practical choice for businesses aiming to stay compliant and efficient at the same time.

As Nepal’s business environment continues to evolve, adopting solutions like IMS Billing not only helps in meeting regulatory requirements but also improves efficiency, accuracy, and overall business control.