Sri Lanka Consolidated Acts

Turnover Tax Act (No. 69 of 1981)

TABLE OF PROVISIONS

           Long Title

   1.	   Short title  
   2.	   Imposition of turnover tax  
   3.	   Circumstances in which a person becomes chargeable with turnover tax  
   4.	   Exemption from turnover tax  
   5.	   turnover  
   6.	   Different businesses to be deemed one business  
   7.	   Rate of turnover tax  
   8.	   Excepted Articles  
   9.	   Returns and information to be furnished  
   10.	   Payment of turnover tax  
   11.	   Penalty for default  
   12.	   Levy of turnover tax on articles manufactured abroad and imported into Sri Lanka and collection of such tax  
   13.	   Power of assessor to make assessments  
   14.	   Additional assessments  
   15.	   Assessor to give reasons for not accepting a return  
   16.	   Power of Assessor to estimate sale price  
   17.	   Appeals to the Commisioner General  
   18.	   Appeal to the Board of Review  
   19.	   Appeal on a question of law to the court of Appeal  
   20.	   Assessments or amended assessments to be final  
   21.	   Penalty for underpayment of turnover tax  
   22.	   Who may act for incapacitated person  
   23.	   Precedent partner to act on behalf of partnership  
   24.	   Principal officer to act on behalf of a company or body of persons  
   25.	   Liability to pay turnover tax in the case of cessation of business  
   26.	   Liability of executor to pay turnover tax,  
   27.	   Liability of certain persons to pay turnover tax in respect of business not belonging to them  
   28.	   Joint agents, trustees and executors  
   29.	   Persons liable to pay turnover tax upon liquidation of a company or dissolution of a body of persons  
   30.	   Meaning of turnover tax for the purposes of section 31 to 38  
   31.	   Turnover tax to be a first charge  
   32.	   Notice to defaulter  
   33.	   Recovery of turnover tax by seizure and sale  
   34.	   For the purposes of this section" movable property". shall include plant and machinery  
   35.	   Recovery of turnover tax out of debts, amp; c  
   36.	   Recovery of turnover tax from persons leaving Sri Lanka  
   37.	   Use of more than one means of recovery  
   38.	   Power of Commissioner-General to obtain information for the recovery of turnover tax  
   39.	   Delegation of Commissioner-General to obtain information for the recovery of turnover tax  
   40.	   Validity of assessments  
   41.	   Signature and service of notices  
   42.	   Power to search buildings or places  
   43.	   Power to search business premises  
   44.	   vouchers to be prepared and issued by every person chargeable with turnover tax  
   45.	   Register of transactions  
   46.	   Registration of manufacturer and issue of vouchers by him  
   47.	   Deduction by registered manufacturer  
   48.	   Credit in respect of turnover tax paid to principal collector of customs  
   49.	   Turnover tax paid in excess to be refunded  
   50.	   Deduction of turnover tax from payments  
   51.	   Breach of secrecy and other matters to be offences  
   52.	   Penal provisions relating to fraud  
   53.	   Penal provisions relating to returns etc  
   54.	   Compounding of offences  
   55.	   Prosecution to be with the sanction, of the Commissioner-General  
   56.	   Administration  
   57.	   Official secrecy  
   58.	   Forms and register of transactions  
   59.	   Interpretation  
   60.	   Application of part xii of the finance act, no. 11 of 1963