Sri Lanka Consolidated Acts

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Goods And Services Tax Act (No. 34 of 1996) - Sect 30

Power of Assessor to determine open market value

30. Where the Assessor is of opinion that a registered person has made a taxable supply for a value less than the open market value or for no value in order to avoid the payment of tax, he shall determine the value of such supply as the open market value.

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