GST Rates for Lotteries

lottery · Revised Annexure V to agenda item 6 of the DAN Vol 2 of make in india

Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

taxes from lottery winnings Awards that are not approved by the Government and prizes are taxed at the rate of 30% Cess is added to the tax rate, which brings the total

taxes on poker winnings Though the valuation of lottery tickets will be done as per valuation rule 31A of CGST Rules, for output GST liability However, any item