அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 5 of the principal enactment is hereby amended by the repeal of subsection (10) of that section and the substitution therefor of the following new subsection:-
“(10)
For any period-
(a)
prior to October 25, 2014, where any goods supplied under a lease agreement is subsequently transferred to the lessee at the
Act, No. 11 of 2015
termination of such agreement for a consideration not exceeding ten per centum of the total consideration of the lease agreement, such consideration shall be deemed to be a lease rental recovered under such agreement, and where such consideration is more than ten per centum of the total consideration of the lease agreement, such supply shall be deemed to be a separate supply.
(b)
on or after October 25, 2014, where any goods supplied under a lease agreement is subsequently transferred to the lessee at the termination of such agreement for a consideration, such consideration shall be treated as a lease rental obtained under such lease agreement.”.