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Online Lotto News in Egypt - November 2024

Indian Lottery Industry Plummeting Towards Loss due to Tax Imposition

Indian Lottery Industry Plummeting Towards Loss due to Tax Imposition

Shiza October 15, 2019 11:57:33

Lottery industries for countries are a ballooning industry that offers extravagant profits annually. Similarly, the Indian Lottery Industry has seen its days of glory in the past. Up until July 2017, the goods and service tax (GST) came into effect, prompting a decline in the lottery business. Indian Lottery distributors are in an uproar against this governmental bill, urging the authorities to settle for a lesser rate.