Latest News

  • Home
  • National
  • GST Council mulls single rate of 28% on lotteries: Report
GST Council mulls single rate of 28% on lotteries: Report
Wednesday, September 25, 2019 IST
GST Council mulls single rate of 28% on lotteries: Report

The GST Council is to meet in Goa on September 20. The members are divided over GST rate for lotteries.

 
 

The GST Council is considering a uniform rate of 28 percent for all lotteries, a report in The Times of India said.
 
At present, the goods and services tax (GST) on state lotteries is 12 percent, while those authorised by the state but run by private agencies are taxed at 28 percent.
 
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.
 
Moneycontrol could not independently verify the story.
 
States are divided on the issue. 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 favour 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 had referred the matter to the country’s top legal officer, Attorney General KK Venugopal, in July, the report added.
 
At the upcoming meeting, the Centre will likely push for one rate and Kerala will support the dual structure, a report in Business Standard said.
 
The council will take the views of both the AG and the group of ministers, who have suggested a single rate, the report said.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 61K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 8K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 7K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 6K views . 83 min read
 

 
 

More in National

 Article
CBSE Gets Full Marks for Hilarious Memes As Students Appear for Board Exams

The Board has taken to the official page on Twitter to post memes and relatable content.

Recently posted. 528 views . 0 min read
 

 Article
Manisha Koirala, After Battling Cancer, Shares The Book of Untold Stories

Manisha, who was diagnosed with cancer in 2012, will be authoring the book about the experience of surviving the illness.  

Recently posted. 628 views . 1 min read
 

 Article
JP Nadda, Old Party Warhorse & Trusted Modi-Shah Lieutenant, is New BJP President

The election of a new president brings to end incumbent Shah's tenure of over five-and-a-half years during which the BJP expanded its footprints across the coun...

Recently posted. 407 views . 1 min read
 

 Article
Odisha School Teacher's Unique Demand From His Bride's Family

The bridegroom Saroj Kanta Biswal said from his childhood days he was a nature lover.  

Recently posted. 492 views . 0 min read
 

 Article
Motionless and emotionless: Not a model life for these art posers

The daily-wage art model at Government College of Art, Sector, 10 are paid ₹45 for semi-nude and ₹35 for dressed pos  

Recently posted. 624 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Learn to trust the journey, even if you don't understand it.
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top