The Kerala legislative assembly passed a unanimous resolution urging the Cent♐ral Government to withdraw the move to bring uniform Goods and Services Tax (GST) rate on state-run lottery and other state lotteries.
As per , the legislative assembly passed the resolution moved by state Finance Minister Thomas Isaac after a discussion over it on the floor of the Ho♑use.
“The Centre’s move is to reduce the tax on lotteries run by intermediaries and bring it on par wi🍸th the state-run lotteries. This will affect thousands of lottery agents and sellers in Kerala.
This move willཧ affect the tax revenue of the ⛎state, as well as the Centre,” Isaac said.
Currently, 12% GST is being charged on lotteries sold by state governꦬments directly, is being levied on the face value of lottery tickets a🌠uthorised by state governments but sold through private lottery distributors.
Private lottery companies have made❀ against this discriminatory and high rate of tax, and claimed that the taxation structure would cripple and destroy their business.
In a related development, it has been reported that the headed by Maharashtra Finance Minister Sudhir Mungantiwar, that had been tasked by the GST Council to study the d🐎ifferential tax rates on lotteries, has so far, failed in its efforts to recommend a uniform tax rate for lotterꦇies.
According to , the panel fai𝓀led to reach a consensus after representatives of West Bengal and Kerala opposed the idea, citing loss to state governments.
Theꦍ GST Council is slated to discuss the issue on 21st June, although a decision on the issue i♏s unlikely, given the lack of consensus on the issue.
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