4. Section 5 of the principal enactment is hereby amended as follows : -
| (1) in subsection (1) of that section by the substitution for the words and figures "any tax chargeable under this Act, and any excise duty payable under the Excise (Special Provisions) Act, No. 13 of 1989", of the words "any tax chargeable under this Act," ; |
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| (2) in paragraph (i) of subsection (5) of that section by the substitution for the words "by a person after the tune" of the words ''by a person at the time" ; |
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| (3) in subsection (10) of that section by the substitution or the words "shall be the amount paid for such ticket or the amount deposited", of the words "shall be the amount paid for such ticket less the tax payable under this Act or the amount deposited less the tax payable under this Act" ; and |
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| (4) by the addition at the and of that section of the following subsections:"
| | "(11) Where goods or services are supplied under an agreement entered into on or before 23rd December, 1996 not being a hire purchase agreement and which is not reviewable the value of such supply shall be the consideration for such supply as stipulated in such agreement less the tax determined by the Commissioner-General as being attributable to such consideration. | | |
| | (12) Where any goods supplied under a lease agreement is Subsequently transferred to the lessee at the expiry of she period of the lease, for a consideration not exceeding tea per centum of the total consideration of the lease agreement, such consideration shall be considered a part of the consideration of the lease agreement". | | |
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Sri Lanka Consolidated Acts