Slab GST on Marketing or organizing, promotion of games of chance including lottery, bingo etc. services
Update: 18th May, 2017: Click here to know GST rate for this service
What is the rate of GST applicable for promotion of games of chance including lottery services? Is GST exempted for Organizing of games of chance including lottery services? Rate tariff of GST for Marketing of games of chance including bingo services?
The details about GST rate changes for Promotion, marketing or organizing of games of chance including lottery, bingo etc. services are being updated here. The notification changes on exemptions for GST for Promotion, marketing or organizing of games of chance including lottery, bingo etc. services and other circulars related to GST for Promotion, marketing or organizing of games of chance including lottery, bingo etc. services are updated in this website.
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
Some of the categories under promotion of games of chance including bingo services are exempted from paying GST. The list of exempted business category of services under Organizing of games of chance including lottery services may be read in GST exemption category list issued by GST authorities.
The above information is about GST rate for Promotion, marketing or organizing of games of chance including lottery, bingo etc. services. This post is being updated with latest changes in GST rate for promotion of games of chance including bingo services, update on latest GST notification on Organizing of games of chance including lottery services and amendments related to GST on Organizing of games of chance including lottery services.
Comment below your thoughts about Promotion, marketing or organizing of games of chance including lottery, bingo etc. services.
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