GST on lottery tickets has crippled business in India - here is how

Who hasn’t tried their luck buying a lottery ticket, expecting the wheel of fortune to turn in their favour? But, currently, it is the lottery industry in India that is in need of some good luck. This is because, after the goods and services tax (GST) came into effect in July 2017, the lottery business has run into crisis for two reasons—one, dual taxes as lottery is taxed under two tax brackets,…