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of <h1>Central Government Amends Rule 31A: New Valuation Method for Lottery Supplies Under GST Effective March 1, 2020.</h1> The Central Government, under section 164 of the Central Goods and Services Tax Act, 2017, has issued the Central Goods and Services Tax (Second Amendment) Rules, 2020, effective from March 1, 2020. This amendment modifies rule 31A of the Central Goods and Services Tax Rules, 2017, concerning the valuation of lottery supplies. The new sub-rule specifies that the value of a lottery supply shall be 100/128 of the ticket's face value or the price notified by the Organising State, whichever is higher. This notification was published in the Official Gazette.
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