76. In this Act, unless the content otherwise requires -"Assessor" means an Assessor or a Senior Assessor appointed under the Inland Revenue Act, No. 28 of 1979;"Authorized representative" shall have the meaning assigned to it by the Inland Revenue Act, No. 28 of 1979;"Board of Review" has the meaning assigned to it by the Inland Revenue Act, No. 28 of 1979 ;"body of persons" means any body corporate or unincorporate. Provincial Council, local authority, any fraternity, fellowship, association or society of persons, whether corporate or unincorporate any partnership and includes any Government department or any undertaking of the Government of Sri Lanka;"Commissioner-General" means the Commissioner-General of Inland Revenue appointed under the Inland Revenue Act. No. 28 of 1979, and includes a Commissioner and a Deputy-Commissioner specially authorized by the Commissioner-General either generally or for a specific purpose to act on behalf of the Commissioner-General;"Commissioner" means a Commissioner of Inland Revenue appointed under the Inland Revenue Act, No. 28 of 1979;"company" means any company incorporated or registered under any Saw in force in Sri Lanka or elsewhere;"Director" means a director as defined in the Companies Act, No. 17 of 1982 and includes a working director;"Deputy Commissioner" means a Deputy Commissioner of Inland Revenue appointed under the Inland Revenue Act, No, 28 of 1979;"executor" includes an administrator;"goods" means all kinds of movable or immovable property but does not include money ;"incapacitated person" means any minor, lunatic, idiot or person of unsound mind ;"Importation" includes the bringing into Sri Lanka of goods from outside Sri Lanka by any person or goods received from a customs bonded warehouse and is deemed to include the purchase of goods on a sale by the Director-General of Customs, the Sri Lanka Ports Authority or the Commissioner-General, for the levy of any tax and other dues ;"input tax" in relation to a registered person, means -
| (a) tax paid on the supply to a registered person of any goods or services to be used by such person in carrying on or carrying out a taxable activity ; |
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| (b) tax paid by him on the importation of goods which are used by such person for the purpose of making taxable supplies ; |
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" manufacture " means the making of an article, the assembling or joining of an article by whatever process, adapting for sale any article, packaging, bottling, putting into boxes, cutting, cleaning, polishing, wrapping, labelling or in any other way preparing an article for sale other than in a wholesale or retail activity ;" output tax " in relation to any registered person, means the tax chargeable in respect of the supply of goods or services made or deemed to be made by such person." open market value " in relation to the value of a supply of goods or services at any date means the consideration in money which a similar supply would generally fetch if supplied in similar circumstances at the date in Sri Lanka, being a supply freely offered and made between persons who are not associated persons, excluding the excise duty payable under the Excise (Special Provisions) Act, No. 13 of 1989 and the national security levy payable under the National Security Levy Act, no, 52 of 1991 ;" person " includes a company, of body of persons;" prescribed " means prescribed by regulations made under this Act;" registered person " means any person who is registered or deemed to be registered under section 10 or section 12 of this Act and includes a person liable to be registered under this Act;" specified" means specified by the Commissioner-General of Inland Revenue;"supply of goods " means the transfer of the right to dispose as owner of movable or immovable property;" supply of services " means any supply which is not a supply of goods;"supplier", in relation to any supply of goods or services, means the person making the supply;" taxable period " means the period of three months commencing respectively on the first day of January, the first day of April, the first day of July and the first day of October of each year;" taxable activity " means -
| (a) any activity carried out as a business, trade, profession or vocation other than in the course of employment or every adventure or concern in the nature of a trade ; |
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| (b) the provision of facilities to its members or others for a consideration and the receipt of subscription in the case of a club, association or organization ; |
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| (c) anything done in connection with the commencement or cessation of any activity or provision of facilities referred to in (a) or (b); |
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| (d) the hiring or leasing of any movable property or the renting or leasing of any immovable property ; |
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| (e) the exploitation of any intangible property such as patents, copyrights or other similar assets; |
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Sri Lanka Consolidated Acts