Jay Satya

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    New GST will erode lottery revenues: Finance minister

    Kerala’s Finance Minister T. M. Thomas Isaac says the new Goods and Services Tax (GST) will lead to a “serious erosion” of the state’s lottery revenues – currently worth around Rs. 4,000 crore per year (US$592.9 million), local media reports. According to Dr. Isaac, once lotteries come under GST, it would force the state to […]