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Tag: GST

Turf authorities seek to lower GST on horse racing GST

02 Mar, 2019 Turf authorities seek to lower GST on horse racing

The Turf Authorities of India (TAI), which is the apex body concerning horse-racing has just made a written appeal to Union Finance Minister Piyush Goyal to reduce the GST rates on horse-racing. TAI currently has 6 race clubs within its umbrella. The main concern of TAI is that horse-ra...

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8-member panel favours uniform GST structure on lottery GST

21 Feb, 2019 8-member panel favours uniform GST structure on lottery

In January this year, the Goods and Services Tax (GST) Council of India, the government body concerning the newly formed GST, had decided to consider tweaking the current tax on Lotteries in the 10th January meeting. However, the meeting didn’t result in any firm decision on the issue a...

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Centre creates 8-member committee to decide on lottery tax GST

18 Jan, 2019 Centre creates 8-member committee to decide on lottery tax

In the 10th January Goods and Services Tax (GST) Council meeting presided by Union Finance Minister Arun Jaitley, the issue of whether to create a uniform tax rate for lotteries reached no common ground and was called off for another time in the future. In the meeting, Jaitley had promi...

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No consensus in GST Council meeting; Lottery tax untouched GST

15 Jan, 2019 No consensus in GST Council meeting; Lottery tax untouched

Gutshot recently reported that the GST Council, the apex body who makes binding decisions regarding the Goods and Services Tax (GST), will have a meeting on 10th January 2019 to discuss the possibility of perhaps lowering the current 28% GST on Lotteries. The council met on the day and ...

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GST

04 Jan, 2019 GST Council to consider tweaking tax on Lotteries

Goods and Services Tax or more popularly known as GST is a consolidated tax structure which levies tax on all the goods and services bartered in the country. The GST was launched in July 2017 at midnight, and was a historic moment in India’s parliamentary history. The GST Council, the c...

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Carter Road lottery owner arrested by Mumbai Police GST

26 Dec, 2018 Carter Road lottery owner arrested by Mumbai Police

In the wee hours of the morning on 24th December 2018, Mumbai Police conducted a raid at a lottery center in Carter Road and arrested the owner for evasion of Goods and Services Tax (GST). Rajesh Jaiswal (aged 37), owner of Trupti Enterprises on the busy Carter Road, would sell tickets ...

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