<h1>GST Evasion in Lottery Sector: Rs. 621.56 Crore Recovered; Emphasis on Formal Channels to Curb Money Laundering Risks.</h1> Twelve cases of GST evasion totaling Rs. 344.57 crore were identified among lottery distributors, with Rs. 621.56 crore recovered, including interest and penalties, from July 2017 to November 2023. The Union Minister of State for Finance highlighted the importance of using formal banking channels for lottery prize disbursement to mitigate money laundering and financing risks. Under Section 194B of the Income-tax Act, winnings over Rs. 10,000 are taxed at 30%, with no deductions allowed. The Income Tax Department takes action against tax evasion based on credible information, employing measures like enquiries, searches, and assessments as necessary.