Section No :

Legislative Enactments GOODS AND SERVICES TAX Marginal Notes 1. This Act may be cited as the Goods and Services Tax Act. No 34 of 1996 and shall come into operation on such date (hereinafter referred to as the "appointed date") as the Minister may appoint by order published in the Gazette. 2. Imposition of Goods and Services Tax.[ 2, 11 of 1998][ 2, 26 of 2000] [ 23, 11 of 2002] 3. Tax not be charged on whole sale or retail supply of goods.[3, 26 of 2000] 4. Time of supply.[ 3, 11 of 1998] 5. Value of supply of goods or services.[ 4, 11 of 1998][4, 26 of 2000] 6. Value of importation of goods.[ 5, 11 of 1998] 7. Zero rating.[ 6, 11 of 1998] [5, 26 of 2000][2, 5 of 2001] [ 24, 11 of 2002] 8. Exemption. 9. Goods or services supplied in Sri Lanka. 10. Persons making supplies in the course of taxable activity to registered.[ 7, 11 of 1998][6, 26 of 2000] 11. Importers of goods to notify Commissioner General.[ 8, 11 of 1998] 12. Voluntary registration.[7, 26 of 2000] 13. Registered person.[ 9, 11 of 1998][8, 26 of 2000] 14. Information to be given to Commissioner-General. 15. Certificate of registration.[ 10, 11 of 1998] 15A. Registered person to display tax registration number.[9, 26 of 2000] 16. Cancellation of registration.[ 11, 11 of 1998][10, 26 of 2000] 17. Registered person to return certificate on cancellation.[11, 26 of 2000] 18. Liability not affected by cancellation of registration. 19. Registered person to notify certain changes. 20. Tax invoice.[ 12, 11 of 1998][12, 26 of 2000] 21. Returns and information to be furnished.[ 13, 11 of 1998] 22. Credits for input tax against output tax.[ 14, 11 of 1998][13, 26 of 2000][3, 5 of 2001] [ 25, 11 of 2002] 23. Accounting basis. 24. Bad debts.[14, 26 of 2000] 25. Adjustment of tax by credit or debit notes.[ 15, 11 of 1998] 26. Payment of tax.[ 16, 11 of 1998] 27. Penalty for default.[ 17, 11 of 1998] 28. Power of Assessor to make assessment.[15, 26 of 2000] 29. Assessor to state why he is not accepting a return. 30. Power of Assessor to determine the open market value.[ 18, 11 of 1998][16, 26 of 2000] 31. Additional assessment. 32. Evidence of returns and assessments. 33. Limitation of time for assessment of additional assessment.[ 19, 11 of 1998][17, 26 of 2000] 34. Appeals to the Commissioner-General.[18, 26 of 2000] 35. Appeals to the Road Review. 36. Appeal on a question of law to Court of Appeal. 37. Assessments or amended assessments to be final. 38. Penalty for incorrect returns. 39. Recovery of tax. 40. Tax to be a first charge. 41. Notice to defaulter. 42. Recovery of tax by seizure and sale. 43. Proceedings for recovery before a Magistrate. 44. Recovery of tax out of debts. 45. Recovery of tax from persons leaving Sri Lanka. 46. Use of more than one means of recovery. 47. Power of Commissioner-General to obtain information for the recovery of tax. 48. Recovery of tax from the principal officer and others.[ 20, 11 of 1998] 49. Delegation of Commissioner-General's powers and functions. 50. Who may act for incapacitated persons. 51. Precedant partner to act on behalf of partnership. 52. Principal officer to act on behalf of a company or body of persons. 53. Liability to pay tax in the case of cessation of taxable activity. 54. Liability of executor to pay tax. 55. Liability of certain persons to pay tax in respect of taxable activity not be longing to them. 56. Joint agents trustees and executors. 57. Persons liable to pay tax upon liquidation of a company or dissolution of a body of persons.[ 21, 11 of 1998] 58. Refund of excess tax.[ 22, 11 of 1998][4, 5 of 2001] 59. Interest on refunds.[ 23, 11 of 1998] 60. [ 24, 11 of 1998] 61. Signature and service of notices. 62. Validity of assessments. 63. Power to search buildings or places. 64. Power to search where taxable activity is carried on, or carried out. 65. Keeping of records. 66. Penal provisions relating to breach of secrecy & c. 67. Penal provisions relating to fraud. 68. Penal provisions relating to returns & c. [ 25, 11 of 1998] 69. Prosecution to be with the sanction of the Commissioner-General. 70. Compounding of offence. 71. Officers.[ 26, 11 of 1998] 71A. Goods and Services Tax Refund Fund.[ 27, 11 of 1998] 71B. Rewards to informants.[ 27, 11 of 1998] 72. Official secrecy. 73. Forms. 74. Regulations. 75. Transitional provisions.[ 28, 11 of 1998][19, 26 of 2000] 76. Interpretation. [ 29, 11 of 1998][20, 26 of 2000][5, 5 of 2001] 77. Sinhala text to prevail in case of inconsistency.