133.
| (1) Subject as hereinafter provided, where during the course of a year of assessment a person chargeable with business turnover tax ceases to carry on any business in respect of which he is chargeable with such tax, he shall, notwithstanding that he has ceased to carry on such business, be liable to pay such tax for the period during which he carried on that business in that year of assessment. |
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| (2) Where any person carrying on a business transfers such business to any other person, any business turnover tax payable in respect of such business for any period prior to the transfer may, if it cannot be recovered from the transferor, be recovered from the transferee and the provisions of this Part of this Act as to collection and recovery of the business turnover tax shall apply accordingly. |
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Sri Lanka Consolidated Acts