GST Council fixes 28% uniform rate for lottery

Our Bureau New Delhi | Updated on December 18, 2019 Published on December 18, 2019

In a first since its inception, the GST (Goods & Services Tax) Council, through voting, decided to have a uniform tax rate of 28 per cent for lottery. The Council met here on Wednesday for the 38th time.

However, there was no decision on increasing the rate on any goods or services even though there were concerns about the dip in overall collection.

On lottery, 21 States voted in favour of uniform duty, while seven States and UTs voted against. Those who voted against the move asked for dual rates (12 per cent for state-run and 28 per cent on those from private players authorised by the State Government).

“Every attempt was made to keep the tradition alive, but eventually the council was reminded that the rules allowed [voting] and that tradition was not part of the rules. After taking sense of house, we went ahead with voting,” Finance Minister Nirmala Sithraman said.

The meeting deliberated upon the current position of revenue collection. Various measures including raising rates on some luxury items were discussed. However, no decision was taken. Detailed data were shared with the States and they were asked to come with suggestions for the next GST Council meeting.

Meanwhile, Opposition-ruled States were critical of the present status of the GST. West Bengal Finance Minister Amit Mitra said that the Centre’s projection made it appear that there will be no money left for compensation cess after February.

Published on December 18, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.