Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 58 of the principal enactment
| 13. Section 58 of the principal enactment is hereby amended in the proviso to subsection (1) by the substitution for all the words from "in paragraphs (a), (b), (c) or (d) of subsection (5) of section 22 to the words "which ever is later." of the words - "in paragraphs (a), (b), (c), (d) or (e) of subsection (5) of section 22, shall be refunded to such person within forty- five days from the end of the taxable period or from the date of the receipt of the return for the taxable period in which the excess arose, whichever is later: Provided further, that any such amount paid in excess by a registered person referred to in paragraphs (c), (d) or (e) of subsection (5) of section 22 shall be refunded to such person within fifteen days if such amount of the refund is subject to a furnishing of a bank guarantee or for an insurance bond which is valid for a period of three months from the end of the taxable period, or from the date of the receipt of the return for the taxable period in which the excess arose, whichever is later.". |