New Rule6(7C) of S.Tax Rules
*Taxable Service: Promotion,Marketing or organising lottery
*Distributor/Selling Agent
*OPTIONAL MODE of PAYMENT of S.Tax instead of 10%
(a)if Guaranteed Lottery Prize PAYOUT is MORE than 80% -then Rs.(6000+Cess) on every Rs.10Lacs (or part 10Lacs) of aggregate FV of tickets PRINTED
(b)if Guaranteed Lottery Prize PAYOUT is LESS than 80% -then Rs.(9000+Cess) on every Rs.10Lacs (or part 10Lacs) of aggregate FV of tickets PRINTED
*if ONLINE LOTTERY, then aggregate FV of tickets SOLD.
*Option once excercised cant b withdrawn during that FY
*Persons Marketing Lottery tickets otherthan above, shall b exempted IF THIS OPTION IS AVAILED BY Distributor/Selling Agent
*Taxable Service: Promotion,Marketing or organising lottery
*Distributor/Selling Agent
*OPTIONAL MODE of PAYMENT of S.Tax instead of 10%
(a)if Guaranteed Lottery Prize PAYOUT is MORE than 80% -then Rs.(6000+Cess) on every Rs.10Lacs (or part 10Lacs) of aggregate FV of tickets PRINTED
(b)if Guaranteed Lottery Prize PAYOUT is LESS than 80% -then Rs.(9000+Cess) on every Rs.10Lacs (or part 10Lacs) of aggregate FV of tickets PRINTED
*if ONLINE LOTTERY, then aggregate FV of tickets SOLD.
*Option once excercised cant b withdrawn during that FY
*Persons Marketing Lottery tickets otherthan above, shall b exempted IF THIS OPTION IS AVAILED BY Distributor/Selling Agent
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