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 Delays VAT on Remote Services to April 2026 After Taxpayer Petitions
- Sri Lanka Postpones Digital Services VAT Implementation to April 2026 Due to Practical Challenges
- Sri Lanka Delays Non-Resident Digital Services VAT Implementation to April 2026
- Why Sri Lanka’s Digital VAT Won’t Trigger US Tariffs: Understanding Digital Taxation Differences
- Sri Lanka Mandates VAT Registration for Non-Resident Digital Service Providers Starting October 2025