19. Section 75 of the principal enactment as amended by Act, No. 11 of 1998 is hereby further amended by the addition immediately after subsection (4) of that section of the following subsection :-
| "(5) Where the Commissioner-General is satisfied that a registered person or any other person, as the case may be, on or after the appointed date, has paid tax on the acquisition of goods for the purpose of making an exempt supply, the tax so paid by such person shall be deemed to be input tax where such supply has subsequently become a taxable supply and the goods so acquired are being used in making such taxable supply : |
|
|
Sri Lanka Consolidated Acts