Lottery tickets constitute 'goods' classifiable under "Any Chapter" of Customs Tariff, clarifies Finmin

Ministry of Finance (TRU) issues clarification with respect to classification and GST rate on lottery tickets pursuant to concerns over discrepancy in code allotted, i.e. lottery is defined as goods but code is under services and hence, the assessees are not able to upload return or deposit tax in time; Reiterates that lottery is goods and the classification indicated in relevant Notification for lottery is “-“, which means any chapter; Therefore, classification of lotter...