Sudhir Mungantiwar convenor of newly constituted Group of Ministers (GoM) to look at issues related to lottery under GST

In pursuance of decision in the 32nd Meeting of GST Council held on 10th January 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to lottery has been constituted. The ministerial panel headed by Maharashtra Finance Minister Sudhir Mungantiwar will examine uniformity of taxation on lottery under GST or other issues arising out of it. Under GST, state-organised lottery falls under the 12% tax slab while state-authorised lottery attracts 28% tax. According to the terms of reference, the panel will decide whether the disparity in tax structure on the same product needs be continued or a uniform rate be prescribed for both. The panel will also examine any other issue related to enforcement, including the legal frame work, in order to curb evasion of tax on lottery and suggest appropriate tax rate to address the problem. The GoM for lottery will submit its report to GST Council in next its meeting for approval.


Latest E-Books