In this case also, instead of normal service tax @ 14% on his commission, lottery ticket agent has the option to pay service tax on face value (printed value) of lottery tickets.
|
Guaranteed Lottery payout |
OLD RATE |
NEW RATE (From 1.6.15) |
Effective Rate of Swachh Bharat Cess |
Effective Rate of Krishi Kalyan Cess |
Total Rate of Service Tax |
|
>80% |
Rs 7000 on every 10 lacs (or part of 10 lacs) |
Rs 8200 on every 10 lacs (or part of 10 lacs) |
Rs 293 on every 10 lacs (or part of 10 lacs) |
Rs 293 on every 10 lacs (or part of 10 lacs) |
Rs 8786 on every 10 lacs (or part of 10 lacs) |
|
Upto 80% |
Rs 11000 on every 10 lacs (or part of 10 lacs) |
Rs 12800 on every 10 lacs (or part of 10 lacs) |
Rs 457 on every 10 lacs (or part of 10 lacs) |
Rs 457 on every 10 lacs (or part of 10 lacs) |
Rs 13714 on every 10 lacs (or part of 10 lacs) |
In case of online lottery ,
the aggregate face value of lottery tickets will be the aggregate value of tickets sold.
