Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 22 of the principal enactment
| 9. Section 22 of the principal enactment is hereby amended in subsection (3) of that section by the addition immediately after the second proviso to that subsection of the following:- "Provided further, that any person who accounts for the output tax at the rate of five per centum shall not be entitled to deduct any input tax in relation to such supply other than in the case of a motor vehicle used for purposes of transportation of machinery for production : Provided further, any input tax paid at the rate of eighteen per centum by any person which is allowable under this Act shall be restricted to fifteen per centum". |