I have read that GST is levied on lottery but not on amount received from winning prizes . For example- if amount is received from shows like Big Boss GST will not be there on it. Which provision makes this happen?
Yes, you are right gst not levied on income earned from big boss or lottery. this income fall under the head income from other sources and will attract flat rate 30%
Yes lottery ticket is under actionable claim and other actionable claims too but since gst law doesn't define actionable claim separately under this act, the definition for an actionable claim is taken as the transfer of property act... mainly your question is why Gst not levied on it coz there is two face first if you earned income then you have to pay direct tax, otherwise supply of lottery tickets attract a rate of Gst 28%
Gst is indirect tax but money from kbc or other games show are direct tax so no gst lottery attract gst as it served service now as a person takes money too for a lottery tickets
If you are saying when we pay direct tax on any receipt we don't have to pay indirect tax...But , if I have a professional income on which gst is levied and paid by me ...I will also have to pay the direct tax on this sum only ...Whats the difference here and between lottery?