Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 44 of the principal enactment
| 3. Section 44 of the principal enactment is hereby amended by the substitution, for all the words commencing from "Notwithstanding anything" to the end of that section, of the following: "Notwithstanding anything in this section, the Commissioner-General may, having regard to the nature of different classes or descriptions of business, prescribe the form and manner in which transactions shall be recorded in any business of that class or description. Where the Commissioner-General prescribes the form and manner in which transactions shall be recorded in a business, every person chargeable with turnover tax and carrying on that business shall record or cause to be recorded each and every transaction entered into by him in the course of that business in the prescribed form and manner. Such record shall be retained and preserved by the person by whom or on whose behalf such record was prepared for a period of five years after the expiry of the quarter in which it was prepared.". |