138. Tax accounting during transition.—

(1) Notwithstanding the provisions contained in section 33, the value added tax imposed on a taxable supply shall be payable on the day of introduction of this Act, if—

(a) a supply has been or is made after the day of introduction; and

(b)  a tax invoice for a supply was issued or the value of the supply was made, or both the actions were completed before the day of introduction:

Provided that no value added tax would be payable if such person has already paid value added tax on the supply under the Value Added Tax Act, 1991, and included that value added tax in a return submitted to the Commissioner under that Act.

(2)  Each part of a progressive or periodic supply made under sub-section (1)  shall be, separately, subject to Value Added Tax and such supplies shall be treated as separate supplies.