அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 25D of the principal enactment is hereby amended as follows :—
(1)
by the repeal of the proviso to that section and the substitution therefor of the following proviso :—
“Provided however —
(i)
for any taxable period commencing on or after
January 1, 2003 and ending prior to January 1,
2004,—
(a)
fifty per centum of any such tax calculated at the standard rate and paid to the
Commissioner-General after deducting credit for input tax by any person ; and”
(b)
twenty five per centum of any such tax paid, in respect of the supply of leasing facilities by any person registered under the Finance Leasing Act, No. 56 of 2000, under any other provision of this Act, other than this Chapter, in relation to tax calculated as provided in section 22, shall be deducted against the tax payable under this Chapter; and
(ii)
for any taxable period commencing on or after
January 1, 2004, the tax calculated and paid to the Commissioner-General after deducting credit for input tax by any person subject to a limitation of twenty five per centum of any such tax, in respect of the supply of leasing facilities by any person registered under the Finance
Leasing Act, No. 56 of 2000, under any other provision of this Act, other than this Chapter, in relation to tax calculated as provided in section 22, shall be deducted against the tax payable under this Chapter.”; and
(2)
by the addition at the end of the proviso to that section of the following proviso :—
“Provided further, the preceding provisions of this section shall not apply to a registered person where the tax payable by such person under this Chapter, is calculated subject to the provisions of subsection (5)