124.
| (1) Where any person chargeable with turnover tax-
| | (a) fails to furnish, under section 123, a return for any quarter in a year of assessment and to pay the business turnover tax in respect of that quarter; or | | |
| | (b) furnishes, under section 123, a return in respect of any quarter in a year of assessment but fails to pay the business turnover tax in respect of that quarter, | | |
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| (2) An assessment made under subsection (1) in respect of any person for any quarter in a year of assessment shall not affect the liability of such person to a penalty under section 122 as though the amount assessed were the amount of business turnover tax due from him for that quarter. |
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Sri Lanka Consolidated Acts