75.
| (1) Every person whose turnover under the Turnover Tax Act, No. 69 of 1981, for any quarter in the period of twelve months ending six months immediately proceeding the appointed date exceeds two hundred thousand rupees shall if such person is carrying on or earring out a taxable activity on such appointed date, be deemed to be a registered person for the purposes of this Act and the provisions of this Act shall apply to such person accordingly. |
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| (2) Any person who is deemed to be a registered person under subsection (1) may make a statement of objection, in writing to the Commissioner-General within thirty days of the receipt of the notice of such registration, indicating that his taxable supplies for the period specified in subsection (1) do not exceed the amount specified in section 10. |
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| (3) Where the Commissioner-General is satisfied with the statement he may cancel such registration notwithstanding the provisions of section 16. |
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Sri Lanka Consolidated Acts