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of <h1>Assam GST Circular Clarifies Lottery Tickets as Goods; Sets Tax Rates at 12% or 28% to Resolve Classification Issues.</h1> The circular addresses the classification and GST rate for lottery tickets under the Assam Goods and Services Tax Act, 2017. It clarifies that lottery tickets are considered goods, and the GST rate is determined by the GST Council. However, discrepancies arose due to lottery being coded under services, causing issues with tax returns and payments. The Department of Revenue clarified that lottery classification should be under 'Any Chapter' of the Customs Tariff Act, 1975, with applicable tax rates of 12% or 28%. This circular aims to provide clarity without interpreting the Act's provisions.
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