Indian Gambler

GST council votes for uniform tax rate on lotteries across India

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In its 38th meeting on Wednesday, the GST council voted to bring lotteries across India under a uniform tax rate of 28%. There were 28 total votes, out of which, 21 were in favor while 7 were against it. The new GST rates on lotteries will be applicable starting 1st March, 2020.

The GST council meeting was headed by union finance minister Nirmala Sitharaman and attended by finance ministers of all the states.

This was the first time that a decision by GST council was taken by voting instead of consensus. After the event, Nirmala Sitharaman stated that all efforts were made to keep the tradition alive.

Currently, the state run lotteries are taxed at 12 percent, whereas, state authorised lotteries organised by private firms are taxed at 28 percent.

The current decision will impact all the offline lotteries purchased across India. The central government is yet to announce a law to regulate online lotteries.

Lotteries Market in India

Lotteries in India have been there for a long time, however, till now, there was no such uniform regulation rule which impacted the lotteries nationwide. State government had different set of rules for lotteries in those respective states. However, with this move, lotteries market is expected to experience a boost and nationwide acceptance.

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