2.
| (1) Subject to the provisions of this Act, a tax, to be known as the Value Added Tax(hereinafter referred to as "the tax") shall be charged
| | (a)at the lime of supply, on every taxable supply of goods or services, made in a taxable period, by a registered person in the course of the carrying on or carrying out, of a taxable activity by such person in Sri Lanka , | | |
| | (b)on the importation of goods into Sri Lanka, by any person. | | |
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| (2)Notwithstanding the provisions of subsection (1) the Commissioner-General shall defer the tax due on any tea supplied by any tea manufacturer registered with the Sri Lanka Tea Board established by the Sri Lanka Tea Board Law, (No. 14 oft 1975, to any auction conducted by a registered tea broker and if such tea broker has supplied such lea to any tea exporter registered with the Sri Lanka Tea Board established by the Sri Lanka Tea Board Law, No. 14 of 1975. until such time the relevant tea broker furnishes the reconciliation on the disposal of such tea as stipulated by the Commissioner-General. |
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| (3)The tax on the importation of goods, shall be charged, levied and collected as if it is a customs duty and as if all goods imported into Sri Lanka are dutiable and liable to customs duty : |
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Sri Lanka Consolidated Acts