Explorer

Lotteries To Attract Uniform 28% GST Rate From March 1

The GST Council, led by Finance Minister Nirmala Sitharaman, had in December last year decided to increase the rate as well as implement a single rate for lotteries. Buyers of tickets for lotteries would now have to shell out 28 per cent

New Delhi: Lotteries will now attract a 28 per cent uniform Goods and Services Tax (GST) from March 1. This GST rate will be applicable to state-run and authorised lotteries from March 1, according to a notification. The GST Council, led by Finance Minister Nirmala Sitharaman, had in December last year decided to increase the rate as well as implement a single rate for lotteries. Buyers of tickets for lotteries would now have to shell out 28 per cent. According to notification issued by the revenue department, the GST rate on supply of lotteries has been amended to 14 per cent and a similar percentage will be levied by the states. As a result, total GST on lotteries will increase to 28 per cent. "This notification shall come into force on March 1, 2020," a notification by the revenue department said. Currently, lotteries run by the state-owned agencies levy 12 per cent GST, while a state-authorised lottery attracts 28 per cent tax. The lottery industry had sought a uniform tax rate on lotteries following which a group of ministers were set up to suggest the GST rate. The eight-member group of ministers headed by Maharashtra Finance Minister Sudhir Mungantiwar, had recommended that the council would decide either on 18 per cent or 28 per cent GST for lotteries. Following this, the GST Council in December voted for a single rate of 28 per cent on supply of lotteries.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

After Salman Khan, Shah Rukh Khan Gets Death Threat
After Salman Khan, Shah Rukh Khan Gets Death Threat
Woman Dies By Suicide At Noida's GIP Mall, Was Stressed Due To Divorce Proceedings
Woman Dies By Suicide At Noida's GIP Mall, Was Stressed Due To Divorce Proceedings
Delhi-NCR Pollution: Centre Doubles Fines On Stubble Burning. Check New Penalty Charges
Delhi-NCR Pollution: Centre Doubles Fines On Stubble Burning. Check New Penalty Charges
'Can't Change Rules Midway': Big Supreme Court Verdict On Recruitment Process For Govt Jobs
'Can't Change Rules Midway': Big SC Verdict On Recruitment Process For Govt Jobs
Advertisement
ABP Premium

Videos

US Presidential Election 2024: 'I Will Fight for Your Future' Says Trump After Election VictoryUS Presidential Election 2024: 'Thank You to the American People,' Says Donald Trump After VictoryUS Presidential Election 2024: Donald Trump’s Address After VictoryUS Presidential Election 2024: 'We Will Make America Great Again,' Says Donald Trump After Victory

Photo Gallery

Embed widget