Kathmandu. The Federation of Nepalese Chambers of Commerce and Industry has urged the government to withdraw the Value Added Tax (VAT) implemented on electricity tariff from the current fiscal year 2083/84, stating that it has increased production costs.The Federation stated that electricity is the basic infrastructure for industrial production, trade, and tourism sectors, and imposing additional taxes on it will directly affect production costs, operating expenses, cash flow, and overall business competitiveness.The Federation has stated that complaints have been received from businessmen that the addition of VAT has increased costs, especially for high energy-consuming industries, businesses with VAT-exempt turnover, as...