Federation launches appeal against GST, possibly in vain

The All India Federation of Lotteries Trade and Allied Industries has issued a public appeal for the reduction of GST on state-authorized lotteries.

The appeal came in the form of an advertisement in Economic Times, appealing to the Prime Minister, Union Finance Minister, state finance ministers and members of the GST Council to lower the 28 percent GST rate placed on lottery tickets.

The appeal draws attention to the gap between the GST rate on state government lotteries (at 12 percent), versus those authorized by the state government (28 percent).

The federation argued also that lotteries provide employment to more than a million people in the country, whose livelihoods would be in jeopardy if the GST scheme is continued as is.

Earlier this week however, it was reported that the central government has turned down demands to reduce the tax imposed on private lottery distributors, meaning the ad may be falling on deaf ears.

More news from this jurisdiction

IndiaThursday, Feb 08, 2018

India’s lottery market has the potential to be at least four times its current size if more states were to legalize sales and the industry presented more appealing content, says Kamlesh Vijay, group CEO for Sugal & Damani, one of the country’s largest lottery companies.

IndiaMonday, Jan 29, 2018

The government of Maharashtra has initiated a process to recover more than Rs. 933 crores (US$142 million) in taxes from the lotteries of Arunachal Pradesh, Sikkim and Mizoram, which are sold within the state.

IndiaMonday, Jan 29, 2018

AGTech Holdings has announced the launch of a new casual gaming and shopping platform in India, called the Gamepind Platform.

IndiaMonday, Jan 22, 2018

The Maharashtra government is looking to shift its paper lottery to online in order to earn more revenue.

IndiaFriday, Jan 19, 2018

Goa could become a US$1 billion market once it transitions to a land-based market, said analyst Grant Govertsen in a note on Friday.

IndiaTuesday, Jan 16, 2018

Delta Corp posted more than a 300 percent increase in net profit for the third quarter of FY18, reaching Rs. 44.7 crore (US$7 million), according to the latest figures.

IndiaMonday, Jan 15, 2018

The Law Commission of India is another step closer to finalizing its recommendations on the legalization of online betting.