Lottery valuation rule: deemed ticket value based on a proportion of face value or notified price, whichever is higher. The amendment substitutes rule 31A(2) to deem the value of supply of lottery as a specified proportion of the ticket face value or the price notified by the Organising State, whichever is higher, and explains that 'Organising State' has the meaning given in the Lotteries (Regulation) Rules, 2010.
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Lottery valuation rule: deemed ticket value based on a proportion of face value or notified price, whichever is higher.
The amendment substitutes rule 31A(2) to deem the value of supply of lottery as a specified proportion of the ticket face value or the price notified by the Organising State, whichever is higher, and explains that "Organising State" has the meaning given in the Lotteries (Regulation) Rules, 2010.
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