Sri Lanka Consolidated Acts

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Goods And Services Tax Act (No. 34 of 1996) - Sect 10

Persons making supplies in the course of taxable activity to registered

10.
(1) Every person who on or after the appointed date carries on or carries out any taxable activity in Sri Lanka shall be liable to be registered under this Act if-
(a) at the end of any taxable period the total value of his taxable supplies of goods of services or goods and services made in Sri Lanka in that taxable period has exceeded two hundred thousand rupees , or
(b) in the four taxable periods then ending, the total value of his taxable supplies of goods or services or goods and services made in Sri Lanka has exceeded seven hundred thousand rupees , or
(c) at any time there are reasonable grounds to believe that the total value of his taxable supplies of goods or services or goods and services in a taxable period is likely to exceed two hundred thousand rupees or in the four succeeding taxable periods is likely to exceed seven hundred thousand rupees.
(2) Every persons who is liable to be registered under subsection (1) shall make an application in the specified form not later than fifteen days from the date on which he becomes so liable.

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