Value of lottery supplies deemed proportion of ticket face value or notified price, whichever is higher under amended GST rules The amendment prescribes that the value of supply of lottery shall be deemed to be a specified fraction of the ticket face value or of the price as notified in the Official Gazette by the Organising State, whichever is higher, and explains that 'Organising State' has the meaning assigned in the Lotteries (Regulation) Rules, 2010.
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Value of lottery supplies deemed proportion of ticket face value or notified price, whichever is higher under amended GST rules
The amendment prescribes that the value of supply of lottery shall be deemed to be a specified fraction of the ticket face value or of the price as notified in the Official Gazette by the Organising State, whichever is higher, and explains that "Organising State" has the meaning assigned in the Lotteries (Regulation) Rules, 2010.
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