GST roll-out on July 1, confirms Arun Jaitley; rates for hotels, lottery fixed

With the Goods and Services Tax (GST) set for a July 1 rollout, Union Finance Minister Arun Jaitley on Sunday stated that state-run lotteries will be taxed at 12 percent of the face value, while a 28 percent tax rate has been fixed for state-authorised private lotteries. Addressing the 17th GST Council meeting at Vigyan Bhawan, Jaitley said 28 percent limit in hotels will start from Rs 7,500,…