Uniform GST on Lotteries: Kerala Assembly passes Resolution against Central Govt’s Move
The Kerala State Assembly has passed a resolution against the Central Government’s move to impose uniform tax rate on the State-run lotteries and other State lotteries. The resolution adopted by the Assembly urged the Centre
No Income Tax on Lottery Prize since Tax was already paid under Sikkim State Income Tax Rules: SC [Read Judgment]
In Mahaveer Kumar Jain vs. Commissioner of Income Tax, the Supreme Court held that the income earned by the assessee from lottery prize cannot be subjected to tax under Income Tax Act, 1961 when the
Lottery is a ‘Good’: Calcutta HC upholds GST Levy on Lotteries [Read Judgment]
The Calcutta High Court has upheld the constitutional validity of bringing lotteries under the purview of Goods and Services Tax ( GST ) and held that a lottery can be treated as ‘goods’ for the
Do Lottery Winnings in India have to be Taxed?
The Indian government has full control over how lottery winnings can be taxed. The state legislature can produce laws surrounding these taxes. The terms are according to Entry 62 in the State List. The Public
Kerala High Court quashes rules brought by the Kerala Govt to regulate Sale of Other-State Lotteries [Read Judgment]
The Kerala High Court has quashed the rules brought by the Kerala government to regulate the sale of other-state lotteries. The petitioner, Future Gaming and Hotel Services a private limited company engaged in the marketing
ITAT: Business Loss incurred by Lottery Ticket distributors after exclusion of Prize Money from Net Profit eligible for set-off [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that business loss incurred by the Lottery Ticket Distributors after exclusion of prize money from net profit is eligible for set-off against winnings from lotteries under
Lottery Validation In India – Abrupt Overview!
The laws and norms governing lotteries in India are not clear-cut or absolute. Although several Indian States have legalized lotteries, there is no general prohibition. As an outcome, it is up to the state governments
Kerala State GST Rules on Other State Lotteries Unconstitutional: Kerala HC [Read Judgment]
The Kerala High Court in the case of M/s. Teesta Distributors & Anr. vs. State of Kerala & Ors., on Friday invalidated Rule 56(20A) (iii)(d) of Kerala State GST Rules which allowed tax officers to
GST Evasion: Raid in 7 Lottery Centres, 11 Arrested
The Goods and Services ( GST ) department has conducted raid in seven online lottery centres wherein eleven persons are arrested for tax evasion by issuing hand-written lottery tickets instead of the printed ones, an official said. The arrest
Central Govt changes Rules on Value of Supply of Lottery [Read Notification]
The Central Government, on the recommendations of the Council, has changed certain rules regarding the value of supply of lottery further to amend the Central Goods and Services Tax Rules, 2017 in the exercise of
CCI closes Complaint against West Bengal Lotteries Directorate Stockist [Read Order]
Fairtrade regulator Competition Commission has closed a complaint alleging unfair business practices by the Directorate of State Lotteries, West Bengal, and West Bengal Lottery Stockists Syndicate. The complainant had alleged that an agreement between the
Maharashtra Tax on Lotteries Act, 2006 is not Ultra Vires: Bombay HC upholds Sales Tax on Sale of Lottery Tickets [Read Judgment]
The division bench of the Bombay High Court has upheld the Constitutional validity of Maharashtra Tax on Lotteries Act, 2006 which levies tax on sale of lottery tickets in the state. The company Sri Mangal Murty Marketing, which
CBIC notifies GST Rate of Lottery [Read Notification]
The Central Board of Indirect Tax & Custom (CBIC) has notified the GST Rate of Lottery. 28%  Uniform rate of GST will be applicable to all lotteries. The amendment will be effective from March 1st
Printing of Textbooks, Lottery Tickets & Stationery items for State Govt is Supply under GST: AAR [Read Order]
The Kerala Authority of Advance Ruling (AAR) ruled that the Printing of textbooks, Lottery tickets & stationery items for the State Govt is supplied under GST. The applicant, Kerala Books, and Publications Society was constituted
GST Council refers Certain important issues various Committees / GoM
The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: Extending the Composition scheme to small service providers. The rate of