Tag: Lottery
Lottery04 Dec, 2019 Meghalaya Cabinet approves Lottery Rules in State
On Monday, the rules for the state lottery was approved by the Meghalaya Cabinet conducting lottery in the region which will help the state government generate revenue. Home Minister James K. Sangma stated that both paper and online lottery will be introduced which will facilitate parti...
Lottery18 Apr, 2019 Russia bans instant online lotteries using firewall
The biggest country in the world in terms of area, Russia, has just announced the ban of instant-win lottery games, as its government has approved legislation to establish a firewall, like China’s ‘great firewall’ around its home internet service. The country’s Ministry of Finance was g...
Lottery05 Mar, 2019 Kerala opposes uniform lottery GST in Council meeting
The issue of uniform Goods and Services Tax (GST) on the face value of lotteries in India has been receiving a few extra ears. Many stakeholders of the industry have taken this issue up with central and state authorities in the past and since then, the GST Council has held meetings, but...
Lottery22 Feb, 2019 Manipur Deputy CM says lotteries will be reintroduced
The North-eastern state of Manipur, one of India’s seven sisters, has planned to re-introduce lotteries in its region soon. The state’s deputy Chief Minister Yumnam Joykumar Singh stated yesterday that the they are working on a plan to create a lottery scheme and have done this to gener...
Lottery21 Feb, 2019 8-member panel favours uniform GST structure on lottery
In January this year, the Goods and Services Tax (GST) Council of India, the government body concerning the newly formed GST, had decided to consider tweaking the current tax on Lotteries in the 10th January meeting. However, the meeting didn’t result in any firm decision on the issue a...
Lottery18 Jan, 2019 Centre creates 8-member committee to decide on lottery tax
In the 10th January Goods and Services Tax (GST) Council meeting presided by Union Finance Minister Arun Jaitley, the issue of whether to create a uniform tax rate for lotteries reached no common ground and was called off for another time in the future. In the meeting, Jaitley had promi...
Lottery15 Jan, 2019 No consensus in GST Council meeting; Lottery tax untouched
Gutshot recently reported that the GST Council, the apex body who makes binding decisions regarding the Goods and Services Tax (GST), will have a meeting on 10th January 2019 to discuss the possibility of perhaps lowering the current 28% GST on Lotteries. The council met on the day and ...
Lottery04 Jan, 2019 GST Council to consider tweaking tax on Lotteries
Goods and Services Tax or more popularly known as GST is a consolidated tax structure which levies tax on all the goods and services bartered in the country. The GST was launched in July 2017 at midnight, and was a historic moment in India’s parliamentary history. The GST Council, the c...
Lottery26 Dec, 2018 Carter Road lottery owner arrested by Mumbai Police
In the wee hours of the morning on 24th December 2018, Mumbai Police conducted a raid at a lottery center in Carter Road and arrested the owner for evasion of Goods and Services Tax (GST). Rajesh Jaiswal (aged 37), owner of Trupti Enterprises on the busy Carter Road, would sell tickets ...
Lottery16 Dec, 2018 Seven lottery parlours raided in Mumbai
A couple of days ago, a total of 7 online lottery parlours were raided by the Mumbai Police Crime Branch. The lottery parlours were all operating within the city. The framed parlours were all allegedly evading the Goods and Services (GST) tax by issuing hand-written lottery tickets inst...
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