FM Jaitley chairs 17th GST Council Meet

FM Jaitley chairs 17th GST Council MeetUpdated on : 18-06-2017 10:50 PM
Finance Minister Arun Jaitley chaired the 17th meeting of the GST council in Delhi where crucial rates for lottery in the country.

The Council has decided to apply tax rate on state-run lottery at 12 %, while govt-authorised private lottery will be taxed at 28 %.

State run lotteries are those which are run by the state government, while the state authorized lotteries are operated by private companies but the lottery bears the state's name.

The council has also decided to slightly alter the tax slabs, which are applicable for hotel rooms. 28% tax rate in hotels to now start at 7500 rupees while rate of 18% applicable for hotel rooms between Rs. 2,000 to Rs, 7,500.

(SA - @18/06)

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