16.
| (1) A registered person may make an application to have his registration cancelled at any time after the lapse of eight successive taxable periods following the date of registration where such registered person has ceased to carry on or carry out a taxable activity or the total value of his taxable supplies for such taxable periods does not exceed the value set out in section 10. |
|
| (2) The Commissioner-General shall, subject to the provisions of subsection (3) where he is, satisfied that such person has ceased to carry on or carry out a taxable activity or that the total value of his taxable supplies does not exceed the value set out in section 10, cancel his registration. |
|
| (3) The Commissioner-General may refuse to cancel the registration of any person registered under section 10 or section 12 where the Commissioner- General is of the opinion that such person has not ceased to carry on or carry out a taxable activity or that it is necessary and expedient to continue with his registration for the pro protection of revenue. |
|
| (4) Where the Commissioner-General cancels the registration of any person he shall inform such registered person of the date of cancellation of the registration by registered post. |
|
| (5) With effect from the date of cancellation of the registration, any goods or services then forming part of the assets of a taxable activity carried on or carried out by that person shall be deemed to be supplied by that person in the course of carrying on or carrying out a taxable activity at a time immediately prior to the. date of cancellation unless the taxable activity (inclusive of all such assets) is carried on or carried out by another person who is a registered person. |
|
|
Sri Lanka Consolidated Acts