What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council ........

General Studies (CGL) Indian Economy

What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

28%

18%

10%

32%

- The Goods and Services Tax (GST) Council in India decided on a uniform GST rate for lottery prizes.

- Option 1: 28% - This is the correct rate for the GST on lottery prizes.

- Option 2: 18% - This rate is commonly applied to essential goods and services, but not to lotteries.

- Option 3: 10% - There is no GST rate of 10% applicable to lotteries or other significant categories.

- Option 4: 32% - This rate does not apply under India's GST structure.

Submit Error