Located near the village of Parping Bazaar, south of the Kathmandu valley, the Tharig Gonpa lays on the south slope of the holy hill of Parping (known in the Tibetan tradition as Yang La Shod). There, in two small caves, between the 8th and the 9th century, meditated the great guru Padma Sam Bhava, before entering Tibet to chase its demons and spread the word of Buddha.

The monastery's construction begun in 1979: it was Tharig Rinpoche's desire to create a retreat center for anybody, monks and layman, providing all the facilities needed to accomplish long periods of meditation and isolation.

At first the Monastery structure consisted of a Temple hall and a two floors complex for the lodging. In 2001, on completion of a project started by Tharig Rinpoche, a new great three floors Temple Hall (which includes a kitchen and several rooms) and a Great Stupa were inaugurated. It is said in the sutras and tantras that any deeds performed in the presence of a Stupa are much more powerful and effective; even by merely beholding the Stupa with devotion will purify one's karma. There is a story that tells how a pig being chased by a dog accidentally circumambulated a Stupa and by the seeds of its virtue was immediately liberated from the cycle of existence.

The Great Stupa of Parping Monastery was carefully constructed according to the two Vimala traditions of Stupa architecture. Its shape resembles that of the now destroyed Mahaboddhi Stupa of Budhagaya, in northern India, and it is 108 feet high (33 meters). After the inaugural ceremony was completed, the Stupa's interior has been properly filled according to the tradition: a genuine relic of Buddha Shakyamuni; eight statues of the most important Boddhisatvas of the Mahayana tradition; 1000 glided statues of Padma Sam Bhava; 1000 complete copies of Buddha's teachings (Kagyur) each one consisting of 108 volumes; 165 copies of the Prajanapramita text; one complete set of the commentaries to the word of Buddha (Tengyur); 1000 gilded statues of Usnisha Vijaya (the goddess of long life); as well as numerous offerings of the body, the speech and the mind of the enlightened ones.