News in English

Supreme Court rules service tax cannot be levied on sale of lottery tickets

Supreme Court rules service tax cannot be levied on sale of lottery tickets

The Supreme Court declared that service tax on lottery ticket sales is not applicable, overturning previous high court rulings. Covering the period of May 2008 to June 2010, the court recognized lottery tickets as actionable claims and not goods, necessitating tax refunds for the companies involved. This ruling clarifies the constitutional stance on service tax for lotteries.

Читайте на 123ru.net