The United National Party has challenged the legality of the proposed GST bill, claiming it was by-passing the sovereignty of Parliament. Colombage also questioned whether the introduction of the GST would see a form of double taxation imposed on the public.“In other countries such as India, when GST was introduced VAT and other taxes were abolished. However, in Sri Lanka we will see both GST and VAT charged on services.
Source: menafn.com
Latest Posts in "Sri Lanka"
- Sri Lanka Advances Tax Digitization with Electronic Invoicing to Boost Transparency and Economic Growth
- Sri Lanka Launches National E-Invoicing System to Modernize Tax Infrastructure
- ICCSL Examines Business Readiness and Challenges of New VAT Invoice Implementation in Sri Lanka
- New Exemption for VAT-Liable Financial Services in 2025 Social Security Contribution Levy Amendment
- Sri Lanka Unveils Three-Phase Electronic Invoicing Reform to Modernise VAT and Boost Digital Economy













