Kerala FM hails GST rate on lottery tickets, private operators federation expresses unhappiness

Kerala Finance Minister Thomas Isaac expressed satisfaction at the Goods & Services Tax (GST) rate on lottery tickets and said that Ker⛦ala played a major role in getting a differential rate on lotteries run directly by state governments and those authorised by state goverꩲnments but marketed by private distributors.

“Kerala’s role in formulating the GST was appreciated ꦚand we stood our ground on a few issues and these were accepted. Lottery ticket sales will be only profitable for the state-run lottery as its tax rate has been fixed at 12 per cent, while for other state lotteries, the tax rate has been fixed at 28 per cent. In the coming days talks will be held between the representatives of lottery sellers and agents with regards to the new sharing of the coꦉmmission,” Isaac was quoted as having said, as per .

Meanwhile, the All India Federation of Lottery Trade & Allied Industries expressed unhappiness at the 28% GST rate on♍ the face value of lottery tickets sold by private distributors.

The Lottery Federation the government to levy GST onl🍸y on the margin retained by the operators after paying prizes and not on the face value of the lottery ticket.

The federation while asking the goꦚvernment to reconsider the rates and the manner of imposition of tax, noted that over 25 lakh persons live🦩lihood will be affected due to GST in its present form.

The tax rate on lotteries was one of the most contentious issues at the GST Council meeting on 18th June. Union Finance Minister Arun Jaitley that th🦄e dual tax structure of 12% GST on state-run lotteries and 28% GST on state-authorised private lotteries was decided keeping in mind the strong stan♛ce taken by the Kerala government.

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