Lottery taxation updated: lottery moved to a different GST schedule, replacing prior entry and removing earlier listing. The amendment removes the Schedule II entry at S. No. 242 (previously attracting 6%) and substitutes Schedule IV at S. No. 228 with a new entry classifying 'Lottery' under 'Any chapter' at 14%; the change takes effect from 1 March 2020 pursuant to the Madhya Pradesh GST notification amendment.
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Lottery taxation updated: lottery moved to a different GST schedule, replacing prior entry and removing earlier listing.
The amendment removes the Schedule II entry at S. No. 242 (previously attracting 6%) and substitutes Schedule IV at S. No. 228 with a new entry classifying "Lottery" under "Any chapter" at 14%; the change takes effect from 1 March 2020 pursuant to the Madhya Pradesh GST notification amendment.
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