(1) After the commencement of this Act, the Value Added Tax Act, 1991 (Act No. XXII of 1991), shall stand repealed.

(2) Upon such repeal of the said Act,-

(a) anything done or any action taken under the said Act shall, so far as they are consistent, be deemed to have been done and taken under this Act;

(b) all rules made, orders passed, notifications published, and notices issued under the said Act shall, so far as they are consistent with the provisions of this Act, continue to be in force until they are repealed or amended, and shall be deemed to have been made, passed, published and issued under this Act;

(c) all taxes or fees or other dues payable under or imposed by the said Act, if in arrear before the commencement of this Act, shall be recovered by the said Act, and any matter, if unresolved, shall be resolved under the said Act as if the said Act has not been repealed.