Playwin responds to GST roll-out in kind

One of India’s leading private lottery distributors, Playwin, has announced a 30 percent hike in its lottery prices, following the imposition of the GST Council’s 28 percent tax, Glaws reports.

The company made a public announcement on Twitter over the weekend, which coincided with the roll out of the new Goods and Services Tax (GST) on July 1.

Online lottery operators had protested against the high GST rates placed on lotteries, arguing that the tax rate will push the business underground as it may not be feasible to continue the business.

More than 17 indirect taxes, including taxes on gambling, betting and lotteries will now be subsumed into a single, unified Goods and Services Tax.