In India, lottery tickets are subject to Goods and Services Tax （GST） under the current tax regime. The GST rate applicable to lottery tickets varies depending on whether they are state-run or authorized by state governments.
For state-run lotteries, the GST rate is 12%, while for lottery tickets authorized by state governments, the rate is 28%. This taxation system aims to regulate the lottery industry and generate revenue for the government.
The implementation of GST on lottery products has streamlined the taxation process and created a uniform tax structure across different states in India. This has helped in reducing tax evasion and ensuring proper compliance from lottery operators. |
