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48.
Lump sum scheme in respect of lottery dealers. section 9.
(1)
Every dealer engaged in the business of purchase or sale of lottery tickets of
face value of less than seven rupees per ticket (hereinafter called the
“lottery dealer”) shall at his option pay lump sum in lieu of tax payable
under the Act on the sale of such lottery tickets at the rates given below –
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Serial
No.
|
Type
of lottery
|
Lump
sum payable in lieu of tax
|
|
1.
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Daily
Lottery
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Rs.65,000
per draw
|
|
2.
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Weekly
Lottery
|
Rs.4.5
lakh per draw
|
|
3.
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Monthly
Lottery
|
Rs.19
lakh per draw
|
|
4.
|
Festival
Lottery
|
Rs.19
lakh per draw
|
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5.
|
Instant
Lottery
|
Rs.19
lakh per draw
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(2)
The lottery dealer opting to pay lump sum shall inform the appropriate assessing
authority in the following form of application –
Form
of application
I,
…………………………..…………(name), aged
…………………(years), son of Shri
………………………………………… resident of village
.…………, tehsil …………, proprietor/partner/manager/managing director
of M/s ………………………………… holding TIN …………… in
respect of business premises situated at ………………… (place), district
…………………, do hereby opt to pay lump sum in lieu of tax payable
under the Act on the sale of lottery tickets and declare that I shall be dealing
in the following type of lotteries –
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Serial No.
|
Type
of lottery
|
Name
of the State/Private operator of lottery
|
Place
…………………
Date
…………………
Signature
of lottery dealer ………………………
(3)
The lottery dealer exercising the option in the manner stated in sub-rule (2)
shall have to do so in respect of all the schemes of lottery operated by all the
States or private operators of lotteries dealt in by him.
(4)
The option to pay lump may be exercised by a lottery dealer at any time and it
shall take effect from the next first draw after exercising the option. The lump
sum payable in respect of draws to be held within a week of exercising the
option shall be paid before they are held.
(5)
Subject to the provisions of sub-rule (4), the lottery dealer liable to pay lump
sum shall pay it seven days before the date of draw for each scheme of lottery
and the treasury receipt in proof of payment of tax shall be furnished to the
appropriate assessing authority within a week of the payment made.
(6)
A lottery dealer liable to pay lump sum may purchase lottery tickets for sale on
the authority of declaration(s) in Central form C, which he shall disclose use
of at the time of applying for issue of forms and in quarterly returns to be
filed in Form VAT-R9 within a month of the close of the quarter.
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