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

Sri Lanka Consolidated Acts

Zero rating

(1) A Supply of-

	(a) goods shall be zero rated where such supply has been exported by the supplier;

(b) services shall be zero rated where such supply is directly connected with -

(i) any movable or immovable property outside Sri Lanka ;

(ii) any repair of any foreign ship or aircraft refurbishment of marine cargo containers or any goods imported for the purpose of re export ;

(iii) a copyright, patent, licence, trade mark or similar intellectual property right to the extent that such right is use outside Sri- Lanka

(2) Where a registered person supplies any goods or services which is zero rated then-

	(a) no tax shall be charged in respect of such supply;

	(b) the supply in all other respects he treated as a taxable supply and accordingly the rate at which tax is as charged on the supply shall he zero.