Section No : Legislative Enactments BUSINESS TURNOVER TAXMarginal Notes1. This Act may be cited as the Business Turnover Tax Act*.(* Sections 119 to 159 in Part XII of the Finance Act, No. 11 of 1963, have been renumbered and reproduced as sections 2 to 43 of this Act.)2. Charge of the business turnover tax.[ 2,50 of 1968] 2A. Recovery of business turnover tax not to be invalid by reason only of non-registration of hotels and guest houses. [ 2,37 of 1981] 3. The circumstances in which a person becomes chargeable with business turnover tax. [ 2,26 of 1978] [ 3,37 of 1981] 4. Excepted articles. 5. Payment of business turnover tax.[ 3, 35 of 1969] 6. Returns. [ 3,26 of 1978] 6A. Forms. [ 5,50 of 1968] 7. Power of Assessor to make assessments.[ 5,55 of 1971] 8. Additional assessments. 9. Power of Assessor to estimate sale price. [ 4,3 of 1978] 10. Assessor to give reasons for not accepting a return.[ 4,26 of 1978]11. Returns and information to be furnished. 12. Information to be furnished by officials. 13. Vouchers to be issued by persons chargeable with business turnover tax. 14. Maintenance of registers. 15. Who may act for incapacitated person. 16. Precedent partner to act on behalf of partnership. 17. Principal officer to act on behalf of a company or body of persons. 18. Liability of certain persons to pay business turnover tax in respect of businesses not belonging to them. 19. Joint agents, trustees and executors. 20. Persons liable to pay business turnover tax upon liquidation of a company or dissolution of a body of persons. 20A. Deduction of turnover tax from payments. [ 4,37 of 1981] 21. Appeals to the Commissioner-General. 22. Assessments or amended assessments to be final. 23. Penalty for under payment of business turnover tax. 24. Meaning of " business turnover tax " for the purposes of sections 25 to 31. 25. Business turnover tax to be first charge. 26. Recovery of business turnover tax by seizure and sale. 27. Proceedings for recovery before a magistrate. 28. Recovery of business turnover tax out of debts. &c. 29. Recovery of business turnover tax from persons leaving Sri Lanka. 30. Use of more than one means of recovery. 31. Power of Commissioner-General to obtain information for the recovery of business turnover tax. 32. Signature and service of notices. 33. Validity of assessments. 34. Power to search buildings or places. 35. Business turnover tax paid in excess to be refunded. 35A. Repayment to an exporter of the business turnover tax paid on articles exported. [ 7,47 of 1973] 36. Administration of this Act. 37. Official secrecy. 38. Offences. 39. Prosecutions to be with the sanction of the Commissioner-General. 40. Business turnover tax to be a deduction for income tax purposes. [8,55 of 1971] 41. Regulations. 42. Interpretation.