Valuation of lottery tickets now fixed as a prescribed fraction of face value or the Organising State notified price. The amendment substitutes rule 31A(2) to deem the value of supply of lottery to be a prescribed fraction of the ticket's face value or the price notified by the Organising State, whichever is higher, and adopts the Lotteries (Regulation) Rules, 2010 definition of 'Organising State'; effective from 1 March 2020 and upon Gazette publication.
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Valuation of lottery tickets now fixed as a prescribed fraction of face value or the Organising State notified price.
The amendment substitutes rule 31A(2) to deem the value of supply of lottery to be a prescribed fraction of the ticket's face value or the price notified by the Organising State, whichever is higher, and adopts the Lotteries (Regulation) Rules, 2010 definition of "Organising State"; effective from 1 March 2020 and upon Gazette publication.
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