In which year was the ‘Lotteries Regulation Act’ passed?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1998.
- The Lotteries Regulation Act, 1998:
- The lottery is considered legal in India. Lottery should be organised by the state government and the place of Draw should be in that particular state.
- The court held that 'lottery' is a "species of gambling activity".
- 'Betting and gambling' is part of the state list in the Seventh Schedule of the Constitution.
- In 2020, the Supreme Court held that lottery, gambling and betting are taxable under the Goods and Services Tax (GST) Act, 2017.