Notification No. 01/2020
Date: February 21, 2020
Subject: Revision of IGST rate on lottery by amendment to Notification No. 1/2017–Integrated Tax (Rate).
Description:
This notification amends Notification No. 1/2017–Integrated Tax (Rate) by omitting the earlier entry for lottery under Schedule II (12%) and inserting a new entry under Schedule IV (28%) covering lottery under any chapter. The amendment results in a uniform IGST rate of 28% on lottery, irrespective of the nature of draw, in line with GST Council recommendations.
Issued for earlier notification?
Yes — it amends Notification No. 1/2017–Integrated Tax (Rate).