4. Amendment of section 58 of the principal enactment
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Section 58 of the principal enactment as last amended by Act No. I] of 1998, is hereby further amended in subsection (1) of that section by the repeal of the proviso to that subsection and the substitution therefor of the following proviso :—
“Provided however, that any such amount paid in excess by a registered person referred to in paragraphs (a), (b), (c) or (d) of subsection (4) of section 22, shall be refunded to such person within one month from the end of the taxable period, or from the date of the receipt of the return for the taxable period, in which the excess arose, whichever is later.”
Amendment of section 76 of the principal enactment.
§.
Section 76 of the principal enactment as last amended by Act No. 26 of 2000 is hereby further amended in paragraph (a) of the definition of the expression “taxable period” as follows :—
in sub-paragraph (v) of that paragraph, by the substitution for the words “of the Schedule;”. of the words “of the Schedule, prior to April 1, 2001;”; and by the addition, at the end of that paragraph, of the following sub-paragraph :—
where any person has entered into any such agreement with the Board of Investment of
Sri Lanka, as referred to in item (XXVIII) of
Goods and Services Tax (Amendment)
3
Act, No. 5 of 2001
the Schedule and such person could not commence making taxable supplies under the project to which the agreement relates, by
March 31, 2001.”.