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SC suspends VAT, NBT

11 July 2016 02:29 pm - 18     - {{hitsCtrl.values.hits}}

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The Supreme Court a while ago issued an interim order preventing the implementation of revisions made to the Value Added Tax (VAT) and the Nation Building Tax (NBT).

The Bench of Judges included Chief Justice K. Sripavan and Judges Buwaneka Aluvihare and Prasanna Jayawardane.

The order was issued when the Fundamental Rights petition filed by a group of Opposition MPs including Wimal Weerawansa, challenging the revisions made to VAT and NBT was taken up before the court. (S.S. Selvanayagam)

Video by Courts Prasanna

  Comments - 18

  • Gusto Monday, 11 July 2016 05:12 PM

    Mr. Modawansha is troubling the government again. He should be arrested soon otherwise the government might not be able to get ECTA signed or new constitution passed. via DM Android App

    MT Monday, 11 July 2016 05:29 PM

    Thats fine Supreme decision, No VAT on health sector ???

    Donner Monday, 11 July 2016 06:08 PM

    This is wonderful news business and consumers have been struggling with the increase in vat and nbt, prime minister should appoint a new finance minister immediately

    sobers Monday, 11 July 2016 06:29 PM

    It is a sheer disgrace that a country of 21 million can't be managed by our politicians. The root cause is corruption

    Donald Monday, 11 July 2016 06:36 PM

    Signing ECTA, New constitution are only dreams. Wise people of this country will never support for such things.

    KIRI BANDA Monday, 11 July 2016 07:25 PM

    Let us apprecaite small mercies - At least the Supreme Court is free now to rule aginst the government without Fear of MR style intimidations and Impeachments.The people are now supreme!

    Dee Monday, 11 July 2016 09:03 PM

    Most comments show how clueless people are on taxation. Afterall everyone thinks vat is increased by 15% .

    Ram Monday, 11 July 2016 02:55 PM

    Now this is Banana republic.......If we cannot get our policy decisions right then what the purpose in being in power....imagine the implications to business in reversing pricing policies.....:-(

    kk Monday, 11 July 2016 03:05 PM

    whats going on via DM Android App

    Lanka Banana Monday, 11 July 2016 03:09 PM

    Can I reclaim VAT paid at higher rate and on new items included since May 2nd.

    Lokka Monday, 11 July 2016 03:11 PM

    Good on Wimal! Thank you sir !

    Giabao Monday, 11 July 2016 03:17 PM

    have u forgotten this is "litchchavi" system. LOL

    Mala jone Monday, 11 July 2016 03:42 PM

    Finance minister should resign with respect.

    ANTON Monday, 11 July 2016 03:43 PM

    THIS LAND IS BECOMING ANOTHER DISNEYLAND.

    lkboy Monday, 11 July 2016 03:46 PM

    Now will the prices come down?

    Deshan Monday, 11 July 2016 03:58 PM

    What a soup our country is in after the much hyped jan "revolution". Revolution of backward gear i guess.

    karu Monday, 11 July 2016 04:10 PM

    Welcome decision. Ravi K, should resign. Kannakapulles can't be good cashiers. They are different fields

    Indunil Tuesday, 12 July 2016 05:59 AM

    On Health, Telecom, Education and a number of other goods and services VAT was increased by 15%. You are the one who is clueless.


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