Seeks to amend notification No. 1/2017- Central Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery.

Last updated: 21 February 2020

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Quick Summary

This notification introduces changes to the Goods and Services Tax (GST) rates concerning lottery supplies. Specifically, it amends the Central Tax (Rate) Notification No. 1/2017. The changes involve the omission of certain entries and the substitution of others in the schedules, effectively updating the GST rate applicable to lottery supplies. These amendments are set to take effect from 1st March 2020.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2020-Central Tax (Rate) New Delhi, the 21st February, 2020 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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FAQ :

The notification seeks to amend the Central Tax (Rate) Notification No. 1/2017 to specify the GST rate on the supply of lottery.

This notification shall come into force on the 1st day of March, 2020.

Schedule II entries related to S. No. 242 are omitted, and Schedule IV entries for S. No. 228 are substituted to specify the rate for lottery.

The notification specifies that the rate for lottery will be 14% under Schedule IV, S. No. 228.

Notification No : 01/2020-Central Tax (Rate)
Source : http://www.cbic.gov.in/htdocs-cbec/gst/notfctn-01-2020-cgst-rate-english.pdf

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