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srilawsby aturio
As enacted
Contents

Part X · Miscellaneous

53. Keeping of records

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Every registered person shall keep and maintain records in respect of the taxable activity carried on or carried out by such person to enable the Commissioner-General or any other officer authorized by the Commissioner-General in that behalf to ascertain the liability for the payment of the levy.

(2)

The form of the records to be maintained under subsection (1) and the particulars to be submitted therein shall be specified by the Commissioner-General.

(3)

For the purpose of this section “records” includes-

(a)

books of accounts, (whether contained in a manual, mechanical or electronic format or combination thereof) recording receipts of payments, income or expenditure, and also includes vouchers, bank statements, invoice, tax invoices, tax credit notes, tax debit notes, receipts and such other documents as are necessary to verify the entries in any such books of account;

(b)

details of any warehouse, go-down or any other place where stock of goods are kept and the stock of goods kept in such warehouses, go-down, or any other place, as the case may be;

and

(c)

any list or record required to be maintained or kept in accordance with the provisions of this

Act or under any regulations made thereunder.

Part XI

Adminstration Provisions

Read on from Part XI

Part XII

General

Read on from Part XII

Schedules