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gst on lottery

Allwynn Vince Pereira (Student CA Final ) (190 Points)

29 June 2017

gst is proposed to be levied on face value of lottery ... does it mean gst vl be levied on sale amount of lottery ??

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upasana gupta (Finance Professional) (3931 Points)
Replied 29 June 2017

It has been decided that supply of lottery shall attract GST rates as under – 1. Lottery run by State Governments – 12% of face value of lottery ticket 2. Lottery authorized by State Governments – 28% of face value of lottery ticket.sale value can be less than face value it is sold at discounted prices.so tax shall be charged at face value.