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"
- Inland Revenue Promises 45-Day VAT Refunds Through New SVAT System
- Melco Fulfills $100M Sri Lanka Casino Investment, Revenues Gain VAT Exemption
- Sri Lanka Postpones VAT on Non-Resident Digital Services Until April 2026
- Sri Lanka Postpones VAT on Electronic Platform Services Until April 2026
- Sri Lanka Postpones VAT on Digital Services by Non-Resident Providers Until April 2026