Synopsis
After much hue and cry from the lottery industry recently, a single rate of 28% has been introduced by the exchequer on all kinds of lotteries on specified value.
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The lottery industry has been contending levy of GST on sale of lotteries when other actionable claims have been excluded from its purview.
Taxability of sale of lotteries and other related issues have been among one of the contentious issues between industry and the Government, both Centre and the States. We have carried the legacy of this dispute to the GST regime, with the Government introducing a tax on sale of lottery tickets after the 17th GST Council meeting in June 2017.