The fate of uniform or differential rates of GST on lotteries may be decided on the basis of an advice by the Attorney General K K Venugopal following the failure of the GST Council to reach a consensus on Friday. The crux of the matter that has been referred to Venugopal is that there are currently two GST rates on lotteries.
The state-run lotteries draw a 12 per cent and the state-authorised lotteries attract the peak rate of 28 per cent. By law, private players cannot run the lotteries. Entities such as S&D and the Esssel group market these lotteries to the masses or, put another way, ...
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