Seeks to amend notification No. 1/2017- Central Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery. - 01/2020 - Central GST (CGST) Rate
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GST rate on lottery revised, reallocating lottery classification between central tax schedules and updating tax treatment. Amendment adjusts the central GST treatment of lottery supplies by omitting the former 6% entry in Schedule II and substituting a new Schedule IV entry classifying lottery under the revised schedule, thereby relocating lottery from the earlier lower-rate schedule to the substituted schedule entry for lottery.
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GST rate on lottery revised, reallocating lottery classification between central tax schedules and updating tax treatment.
Amendment adjusts the central GST treatment of lottery supplies by omitting the former 6% entry in Schedule II and substituting a new Schedule IV entry classifying lottery under the revised schedule, thereby relocating lottery from the earlier lower-rate schedule to the substituted schedule entry for lottery.
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