Sri Lanka Consolidated Acts

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Goods And Services Tax Act (No. 34 of 1996) - Sect 70

Compounding of offence

70. The Commissioner-General may with the consent of the parties having regard to the circumstances in which any offence under this Act was committed, compound such offence for a sum not exceeding one third of the maximum fine imposable for such offence under the Act. Any sum received by the Commissioner-General in compounding an offence under this section shall ho credited to the Consolidated Fund.


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