|
GST, or Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced multiple taxes like VAT, service tax, and excise duty, aiming to create a unified market. In the context of Kerala lottery, GST applies to the sale of lottery tickets and the distribution of prizes. The Kerala State Lottery is a popular form of gambling operated by the Kerala government, offering various draws with attractive cash rewards. Under GST, lottery tickets are taxed at different rates depending on whether they are sold within the state or inter-state. Typically, the GST rate for lotteries is 12% or 28%, as per government notifications, which helps in generating revenue for public welfare schemes. This tax system ensures transparency and compliance, benefiting both the government and participants by streamlining the taxation process. |
