Input tax credit on Lottery Gifts, Goods and Services Tax

gst on lottery
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lotteries As mentioned above, in GST, lottery is goods and the classification indicated in relevant notification for lottery is “-”, which means any chapter

Under Article 279A of the Constitution of India, the GST Council has approved the levy of GST on lottery tickets, and thus, the Union “ The value of supply of lottery shall be deemed to be 100128 of the face value of ticket or of the price as notified in the Official Gazette by the

thailand lottery paper new CBIC notifies 28% GST on specified actionable claims, including online gaming, lottery etc , and other provisions effective from 1 October They are 'actionable claims' and come within the definition of 'goods' The Supreme Court on Thursday held that lottery, gambling and betting