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.

 

  1. Tax Practical
  2. Practical Service Tax
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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