In India, the Goods and Services Tax （GST） rate on lottery tickets is an important topic for local businesses and consumers. The GST Council has set a dual rate structure for lotteries. For state-run lotteries, the GST rate is 12%, while for private lotteries, it is 28%. This distinction aims to regulate the lottery market and generate revenue for the government.
Lotteries are popular local products in India, often used for entertainment and fundraising. The implementation of GST has simplified the tax system, replacing multiple indirect taxes. However, the high GST rate on private lotteries can impact their affordability and sales. It is essential for stakeholders to understand these rates to comply with tax laws and make informed decisions. |
