{"id":216182,"date":"2020-02-24T12:53:06","date_gmt":"2020-02-24T12:53:06","guid":{"rendered":"http:\/\/151.106.38.4\/2020\/02\/24\/lotteries-to-attract-uniform-28-gst-rate-from-march-1\/"},"modified":"2020-02-24T12:53:06","modified_gmt":"2020-02-24T12:53:06","slug":"lotteries-to-attract-uniform-28-gst-rate-from-march-1","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2020\/02\/24\/lotteries-to-attract-uniform-28-gst-rate-from-march-1\/","title":{"rendered":"Lotteries to attract uniform 28% GST rate from March 1"},"content":{"rendered":"<p><img src=\/old_site\/http:\/\/new.nagalandpost.com\/cms\/gall_content\/no_images_650x.jpg><\/p>\n<p>Lotteries will now attract a 28 per cent uniform Goods and Services Tax (GST) from March 1.<\/p>\n<p>This GST rate will be applicable to state-run and authorised lotteries from March 1, according to a notification. The GST Council, led by Finance Minister Nirmala Sitharaman, had in December last year decided to increase the rate as well as implement a single rate for lotteries. Buyers of tickets for lotteries would now have to shell out 28 per cent.<\/p>\n<p>According to notification issued by the revenue department, the GST rate on supply of lotteries has been amended to 14 per cent and a similar percentage will be levied by the states. As a result, total GST on lotteries will increase to 28 per cent.<\/p>\n<p>&ldquo;This notification shall come into force on March 1, 2020,&rdquo; a notification by the revenue department said.<\/p>\n<p>Currently, lotteries run by the state-owned agencies levy 12 per cent GST, while a state-authorised lottery attracts 28 per cent tax. The lottery industry had sought a uniform tax rate on lotteries following which a group of ministers were set up to suggest the GST rate. The eight-member group of ministers headed by Maharashtra Finance Minister Sudhir Mungantiwar, had recommended that the council would decide either on 18 per cent or 28 per cent GST for lotteries.<\/p>\n<p>Following this, the GST Council in December voted for a single rate of 28 per cent on supply of lotteries.<\/p>\n<div>&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lotteries to attract uniform 28% GST rate from March 1<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-216182","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=216182"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216182\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=216182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=216182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=216182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}