2. to as the "principal enactment Section 2 of the Turnover Tax Act, No. 69 of 1981 (herein after referred "), is hereby amended by the substitution for all the words from, "shall be charged for the period" to 'a tax (hereinafter referred to as the "turnover tax")', of the following words and figures :- shall be charged-
| (a) for the period November 13,1981 to December 31,1981 and for every quarter commencing on or after January 1, 1982 but prior to the date on which the Goods and Services Tax Act, No. 34 of 1996 comes into operation, from every person who-
| | (i) carries on any business in Sri Lanka ; or | | |
| | (ii) renders services outside Sri Lanka for which payment is made from Sri Lanka ; and | | |
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| (b) for every quarter commencing on or after the date on which the Goods and Services Tax Act, No. 34 of 1996 comes into operation, from every person who carries on the business of-
| | (i) a financier, money lender or pawn-broker; or | | |
| | (ii) a bank licensed under the Banking Act, No. 30 of 1988; or | | |
| | (iii) owner of a ship or a charterer of a ship ; or | | |
| | (iv) buying and selling any article, in any area where there is no statute in force imposing turnover tax on such sales, | | |
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Sri Lanka Consolidated Acts