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Synopsis This book is mainly a collection of published papers by Rup Khadka. It first gives a general introduction to VAT system. In this connection, it focuses on the nature, types and methods of computation of VAT and traces out the evolution of VAT around the world. Then the book discusses the VAT system in force in Nepal. It focuses on the structure, operation and administrative setup of VAT in Nepal. It describes reasons to introduce VAT in Nepal and outlines an implementation strategy. It highlights the preparation made for the introduction of VAT in the field of law, tax administration, taxpayers, education and overall tax policy. The book explains the difficulties faced before and after the introduction of VAT and the process of its gradual implementation, and presents the current status of VAT implementation in Nepal. It outlines the measures of be adopted for the improvement of the Nepalese VAT system and underlines the lessons learned from the implementation of VAT in Nepal. Finally, the book gives and overview of sales tax system and the status of preparation for the introduction of VAT in India, the major trading partner of Nepal.