Question 1

Is the VAT rate fixed at 13%?

Accepted Answer

13% is the default, and each business sets its own rate in Settings. There is a single rate per business, so a shop that mixes exempt and taxable supplies has to separate them before entering the taxable ones.

Question 2

Does Zeyks Book file my VAT return?

Accepted Answer

No. It produces a VAT summary for a date range from your posted journal entries. The return itself is prepared and filed by you or your accountant with the IRD.

Question 3

Where does the input VAT figure come from?

Accepted Answer

From the VAT receivable account. Purchase entries post tax there when the business is registered, and expense entries post tax there when the expense carries it. Anything that did not reach that account is not in the summary.

Question 4

Why is my input VAT larger than 13% of the taxable purchases?

Accepted Answer

Because the two totals read different parts of the ledger. Taxable purchases are the cost-of-goods side; input VAT is everything posted to the VAT receivable account, which also takes tax from expenses. They are not expected to be a clean ratio.

Question 5

Is the VAT report ready to hand to the IRD?

Accepted Answer

It carries the figures a return asks for, printed on A4 with your PAN and the period. It is a working document produced by software with no IRD approval status — review it with your accountant before relying on it.

VAT reporting for Nepali businesses