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HomeGST NEWSGoM favours uniform tax on lottery, GST Council to decide rate on...

GoM favours uniform tax on lottery, GST Council to decide rate on Feb 20

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The eight-member Group of Ministers(GoM) under Maharashtra Finance Minister Sudhir Mungantiwar favoured hiking GST rate on the state-organised lottery to either 18 per cent or 28 per cent while the GST rate on state-authorised lottery would be retained at 28 per cent or brought down to 18 per cent.The final call would be taken by the GST Council at the next meeting. State-organised lottery attracts 12 per cent GST at present while state-authorised lottery attracts 28 per cent tax.

The GoM was also tasked to suggest whether private persons authorised by the states were misusing the lower rate and getting enriched them at the cost of the state and suggest measures to curb it. It was also mandated to examine issues related to enforcement to prevent evasion of tax on lottery and suggest appropriate tax rate to address the problem.

Source: https://timesofindia.indiatimes.com/business/india-business/gom-favours-uniform-tax-on-lottery-gst-council-to-decide-rate-on-feb-20/articleshow/68050658.cms

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