The Kerala legislative assembly passed a unanimous resolution urging the Central Government💜 to withdraw the mꦑove to bring uniform Goods and Services Tax (GST) rate on state-run lottery and other state lotteries.
As per , the legislative assembly passed the resolution moved by state Finance Minister Thomas Isaac after෴ a discussion over it on the floor of the House.
“The Centre’s move is to reduce the tax on lotteries run🌠 by intermediar💮ies and bring it on par with the state-run lotteries. This will affect thousands of lottery agents and sellers in Kerala.
This move will affect t🦄he tax revenue of the state, as well as the Centre,” Isaac said.
Currently, 12% GST is being charged on lotteries sold by state governments directly, is being levied on the face value of lottery tickets authorised by state governments but sold through private ✤lottery distributors.
Private lottery companies have made against this discriminatory and high rate of tax, and claimed that the taxation st☂ructure wou𒁏ld cripple and destroy their business.
In a related development, it has been reported that the h🌺eaded by Maharashtra Finance Minister Sudhir Mungantiwar, that had been tasked by the GST Council to study the differential tax rates on lotteries, has so far, failed in its efforts to recommend a uniform tax rate for lotteries.
According to , the panel failed to reach a consensus after reඣpresentatives of West Bengal and Kerala opposed the idea, citing loss to state governments.
The GST Council is slated to discuss the issue on 21st June, although a decision on the issue is unlikely, given the lack of c🍰onsensus on the issue♋.
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