7. The amendment made to section 5 of the principal enactment by section 2 of this Act, shall be deemed for all purposes to have come into operation on February 1, 1993 and accordingly
| (a) any turnover tax collected during the period commencing on February 1, 1993 and ending on the date of commencement of this Act (from an importer on his turnover calculated in accordance with section 5 of the principal enactment as amended by section 2 of this Act. shall be deemed to have been and to be, validly levied rind collected : |
|
| (b) the turnover tax payable by an importer on his turnover calculated in accordance with section 5 of the principal enactment as amended by section 2 of this Act shall be deemed not to be in default if such turnover tax or the difference between, such turnover tax and the turnover tax paid by such importer for the relevant quarter, as the case may be, is paid within one month of the date of commencement of this Act. |
|
|
Sri Lanka Consolidated Acts