TaxTMI 
TaxTMI 
Lucky draw winning taxes regardings
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....ucky draw winning taxes regardings<br> Query (Issue) Started By: - Subrata DebBarma Dated:- 22-10-2017 Last Reply Date:- 26-10-2017 Other Topics<br>Got 4 Replies<br>Indian Laws<br>Sir.. yesterday I wo....
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....n a lucky draw in a shopping mall. The prize is a car worth amounting ₹ 7.4 Lakhs. I would like to know.. what are the taxes.. I will have to pay? (To get the prize) Regards Subrata Reply B....
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....y Rajagopalan Ranganathan: The Reply: Sir/Madam, GST would have been paid by the car manufacturer. Winning a price in sales promotion event cannot be considered as supply of service. Therefore, in m....
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....y opinion there is no question of paying gst on the car by the winner. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagopalan. Reply By KASTURI SETHI: The Reply: In my....
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.... view it is taxable. Reply By KASTURI SETHI: The Reply: This activity tantamounts to lottery service. It has ingredients of lottery service.<br> Discussion Forum - Knowledge Sharing ....