What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
Show answer & explanation
Correct answer: C
Explanation
The correct answer option 3 i.e 28%.
|
|
Item |
Old Rate |
New Rate |
|
Mobile phones and specified parts |
12% |
18% |
|
Handmade matches |
5% |
12% |
|
Other than handmade matches |
18% |
12% |
|
Aircraft MRO (Maintenance, Repair, Overhaul) services |
18% |
5% (with full ITC) |
|
Lotteries (State-owned) |
12% |
28% |
|
Lotteries (State-authorised) |
28% |
28% |
|
Woven and non-woven fabrics |
12% |
18% |
|
Sacks of Polythene and Polypropylene in nature |
12% |
18% |