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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part IV · Assessment of Levy

12. Power of the Assistant Commissioner to determine the open market value

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Where the Assistant Commissioner is of the opinion that a registered person has -

(a)

sold any article or provided any service for a value less than the open market value of such article or service or for no value; or

(b)

entered into a transaction, between two associated persons, in respect of which the sale of any article or the provision of any service has been made, in order to avoid the payment of the levy, the Assistant

Commissioner shall, having regard to the circumstances of such transaction and the time period of the sale of such article or the provision of such service determine the open market value of such article or service on which the levy shall be charged.

Read on from s 13

Part V

Payment and Collection of the Levy

Read on from Part V

Part VI

Appeals

Read on from Part VI

Part VII

Recovery of Levy

Read on from Part VII

Part VIII

Liability of Certain Persons to Pay Levy

Read on from Part VIII

Part IX

Offences and Penalties

Read on from Part IX

Part X

Miscellaneous

Read on from Part X

Part XI

Adminstration Provisions

Read on from Part XI

Part XII

General

Read on from Part XII

Schedules