GST Council votes for a change, shifts lotteries to highest slab - Business News, Finance News, Share Market News - Market trendz

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Thursday, 19 December 2019

GST Council votes for a change, shifts lotteries to highest slab

The single rate will come into effect from March 1, 2020, reports said. The 38th meeting of the GST Council chaired by finance minister Nirmala Sitharaman is currently underway in New Delhi. At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28%.

from GST-Small Biz-Economic Times
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