Interim Junction issued on VAT

Interim Junction issued on VAT

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The Supreme Court has issued an interim injunction suspending VAT and the Nation Building Tax. The Supreme Court issued this order after considering a Fundamental Rights Petition submitted by five parties including Parliamentarian Wimal Weerawansa.

A three member bench comprising Chief Justice K. Sri Pavan, Buwaneka Aluvihare and Prasanna Jayawardena issued this order today.

The Supreme Court ruled that this relevant order will be valid until the hearing of the petition is completed or if the increase of VAT is implemented through parliamentary approval. The petition is due to be taken up for hearing on December 09.