Placeholder canvas

GST Council contemplates single rate of 28% on lotteries

Date:

The GST Council is considering a uniform rate of 28% for all lotteries, a report in The Times of India said.

At present, the goods and services tax (GST) on state lotteries is 12%, while those authorized by the state but run by private agencies are taxed at 28%.

ALSO READ: General Motors, TCS announce new partnership in global vehicle engineering

The report also said that the Centre was looking to ban online lottery. The final decision will be taken by the home ministry.

The GST Council is scheduled to meet in Goa on September 20. The council’s members are likely to have an intense debate on lottery rates.

 

Ten states, including Goa, Kerala, Maharashtra and Andhra Pradesh, allow lotteries.

A hike in the rate to 28 percent could hurt states like West Bengal, but many other states are in favor of an increased tariff, the report said.

Many see lotteries as a sin good and think a higher GST rate will discourage people from spending money on them.

The council will take the views of both the AG and the group of ministers, who have suggested a single rate, the report said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Venkatesh-Manish’s 83-Run Stand, Mitchell Starc’s Pure Pace Inspire KKR To 24-Run Win Against MI

KKR ended their 12-year wait for a win at the Wankhede stadium with a 24-run win to edge closer to the playoff spots

Canada: Indian Couple, Grandchild Killed During Police Car Chase

Ontario police were pursuing a liquor shop robbery suspect who was travelling the incorrect way when he collided with a car carrying an Indian family

IPL 2024: Venkatesh, Manish Propel KKR To 169 After MI Pacers Ran Rampant At Wankhede

In the third over, Raghuvanshi punished Thushara for wavering off his line and length with a six to silence the vibrant blue waves

MEA Issues Travel Advisory For Indians Traveling To Iran And Israel

Earlier in an advisory which was issued on April 12, the MEA asked the Indian Nationals to avoid visiting the two Gulf countries amid tensions between Iran and Israel following an Israeli air strike