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Lucky draw winning taxes regardings, Other Topics

Issue Id: - 112959
Dated: 22-10-2017
By:- Subrata DebBarma

Lucky draw winning taxes regardings


  • Contents

Sir.. yesterday I won a lucky draw in a shopping mall. The prize is a car worth amounting ₹ 7.4 Lakhs.

I would like to know.. what are the taxes.. I will have to pay? (To get the prize)

Regards

Subrata

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 22-10-2017
By:- Rajagopalan Ranganathan

Sir/Madam,

GST would have been paid by the car manufacturer. Winning a price in sales promotion event cannot be considered as supply of service. Therefore, in my opinion there is no question of paying gst on the car by the winner.


2 Dated: 22-10-2017
By:- MARIAPPAN GOVINDARAJAN

I endorse the views of Shri Rajagopalan.


3 Dated: 24-10-2017
By:- KASTURI SETHI

In my view it is taxable.


4 Dated: 26-10-2017
By:- KASTURI SETHI

This activity tantamounts to lottery service. It has ingredients of lottery service.


Page: 1

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