GST lands lottery biz massive blow

The jury may still be out on whether the Goods and Services Tax (GST) has negatively impacted the business environment in the country, but it has without a shred of doubt decimated the lottery business in Mumbai.With ticket prices rising because of the 28 per cent GST now applicable on their sale, the daily lottery business in the city has more than halved from Rs 50 crore to just Rs 15 crore. The…