Value Added Tax (Amendment) Act 2016 · As enacted
4. Amendment of section 5 of the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 5 of the principal enactment is hereby amended by the insertion immediately after subsection (13)
of that section, of the following new subsections:-
“(14) where, for the period from January 1, 2016 to
January 13, 2016 a registered person has issued an invoice other than a tax invoice, the value of supply shall be, –
where tax has been collected at a rate other than the rate of eleven per centum –
in the case of supply of any goods, the value shall be deemed to be equal to the amount derived by multiplying the total invoiced value by 200/297; and
in the case of supply of any service, the value shall be deemed to be equal to the amount derived by multiplying the total invoiced value by 100/99.
where no tax has been collected, the value shall be deemed to be equal to tax inclusive consideration and excluding the tax at the rate of eleven per centum.
The value of supply of healthcare services shall be the value of such supply less the cost of diagnostic tests, dialysis and, services provided by the Out Patient
Department but excluding medical consultation services:
Provided that, the Minister may, from time to time, in consultation with the Minister in charge of the subject of Health, prescribe any value of supply which may be excluded for the purposes of this subsection.
Any such regulation made by the Minister shall be approved by the Cabinet of Ministers and published in the Gazette. Such regulations shall be placed before the Parliament for its approval and shall be effective only upon it being approved by the Parliament.
For the purpose of this subsection –
“medical consultation” includes a procedure whereby a medical practitioner registered under the Medical Ordinance reviews the medical history of a patient, examines a patient and makes recommendations as to care and treatment of such patient.”.