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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)

>80%

Rs 7000 on every 10 lacs

(or part of 10 lacs)

Rs 8200 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)

In case of online lottery ,

the aggregate face value of lottery tickets will be the aggregate value of tickets sold.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.