NewsIn today's News Hockey: SLHMA stickers to take part International tournamentThe Value Added Tax (Amendment) Bill was presented to Parliament today by Leader of the House Minister Lakshman Kiriella amidst concerns from Opposition lawmakers that for the second time the Bill may have been presented in an irregular mannerSoon after the Bill was presented, UPFA (Joint Opposition Group) MP Bandula Gunawardene point out that the Bill had been published in the gazette before it got Cabinet approval. “The Bill got Cabinet approval on September 12 but the gazette was issued on September 9,” he said. His is the second time the Bill is being presented to the House. The new Bill, approved by the Cabinet on September 12, includes several changes to the Bill previously presented to the House. In terms of the new bill, VAT will be charged at 15 percent while the threshold of registration for VAT has been reduced from Rs.

Source: Sunday Times October 04, 2016 10:41 UTC