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The GST council has constituted an eight-member Group of Ministers(GoM) headed by Maharashtra State Finance Minister, Sudhir Mungantiwar to suggest whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system be continued.
Key Points i. Joint Secretary of CBIC, Shri Manish Sinha will be the Secretary of the Group of Ministers (GoM). ii. GoM will be assisted by a Committee of Officers from the Centre and State on the issues relating to the lottery. iii. Currently, a state-authorized lottery attracts 28% tax while the state organized lottery attracts 12% tax. iv. The committee will also look at whether private persons authorized by the states are misusing the lower rate and getting enriched themselves at the cost of the state or not and suggest measures to curb it. v. The GoM will submit its report on the issues relating to the lottery to GST Council in the next meeting of GST Council. About GST council i. GST Council is the governing body of GST having 33 members.
ii. The council is headed by the union finance minister Arun Jaitley assisted with the finance minister of all the states of India. iii. At midnight of 1st July 2017 GST was launched by then President of India Shri. Pranab Mukherjee and Prime Minister Shri Narendra Modi.
By: DATTA DINKAR CHAVAN ProfileResourcesReport error
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