The GST bill is unconstitutional – Supreme Court

Date:

The Supreme Court has ruled that several sections of the Special Goods and Services Tax Act that have been drafted are unconstitutional. The draft bill was referred to the Supreme Court for interpretation and the Supreme Court informed Parliament of its decision.

Informing Parliament today of the Supreme Court’s interpretation, the Speaker said that certain provisions were unconstitutional.

Accordingly, the passage of the Special Goods and Services Tax Bill requires the consent of a 2/3 majority in Parliament and in addition the consent of the majority of the people of the country must be obtained through a referendum, the Speaker said.

Share post:

spot_imgspot_img

Popular

More like this
Related

Legacy SIM Crackdown Tests Digital Trust Framework

Sri Lanka’s plan to mandate re-registration of SIM cards...

#ActiveColombo Vision Gains Momentum through Global Triathlon

Beyond tourism revenue, IRONMAN 70.3 Colombo is being deployed...

Sri Lanka’s Four-Band Tariff Plan Carries Revenue Risks

Sri Lanka’s transition to a Four-Band Tariff Policy marks...

New Bonds Test Sri Lanka’s Economic Reform Credibility

Sri Lanka’s next phase of debt restructuring hinges not...