No consensus on uniform taxation on lottery yet

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The Group of Ministers (GoM) appointed by GST Council to discuss imposition of uniform taxation on lottery, has failed to reach a consensus after representatives of West Bengal and Kerala opposed the idea, citing loss to state governments. The GST Council will take up the issue again in its next meeting on June 21. The council had formed an eight-member GoM, led by Maharashtra finance minister Sudhir Mungantiwar, to discuss and suggest whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system must be continued.

Apart from taxation on lottery, the GST Council is also likely to take up pending issues, including extension of National Anti-profiteering Authority’s tenure till November 30, 2020. The meeting, which will be held under the new Union Finance Minister Nirmala Sitharaman, is also expected to levy Goods and Services Tax (GST) on Extra-Neutral Alcohol, used for manufacturing alcoholic liquor.

Read More at: http://www.newindianexpress.com/business/2019/jun/18/no-consensus-on-uniform-taxation-on-lottery-yet-1991584.html