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GST lottery is a government-run lottery system in India that is linked to the Goods and Services Tax (GST). It is designed to encourage consumers to request bills for their purchases, as these bills can be entered into periodic draws for cash prizes. This initiative aims to promote transparency and reduce tax evasion by ensuring that businesses issue proper invoices for transactions. The lottery is managed by state authorities and is part of a broader effort to increase GST compliance across the country. Participants simply need to keep their GST invoices and check official announcements for draw dates and results. This product not only benefits individuals with potential winnings but also supports the national economy by fostering honest business practices. |