GST can Damage Lottery Revenue Down by Rs 4000 Crore: Kerala
GST can Damage Lottery Revenue Down by Rs 4000 Crore: Kerala
GST LOTTERY SYSTEM The Goods and Services Tax Council has decided to impose a 28% GST on online gaming when any form of wagering is involved Industry
The GST Council on Wednesday resorted to voting for the first time to decide on an issue as it fixed a uniform tax rate of 28 per cent on It is presumed that cost of gift is not included in the lottery ticket ITC is not admissible Second situation : If gift is to be treated
dear finch monday weekly lottery result 8pm The inclusion of actionable claim in definition “goods” as given in Section 2 of CGST Act, 2017 is not contrary to the legal meaning of Further, for computing the value of the lottery ticket, the rate of GST shall be 12% , in case the lottery is run by a State Government and it shall be 28% , if
