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of <h1>Rule 31A: Determining Supply Value for Lottery, Betting, Gambling, and Horse Racing under GST Rules 2017.</h1> Rule 31A of the Central Goods and Services Tax Rules, 2017, specifies the method for determining the value of supply in the context of lottery, betting, gambling, and horse racing. The value of a lottery supply is set at 100/128 of the ticket's face value or the price notified by the Organising State, whichever is higher. For betting, gambling, or horse racing, the value is 100% of the bet's face value or the amount paid into the totalisator. These provisions were updated through notifications in 2018 and 2020.
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