Valuation of lottery tickets set as prescribed portion of face value or notified price, whichever is higher. Amendment to rule 31A(2) of the Tamil Nadu GST Rules, 2017: with effect from 1 March 2020 the value of supply of lottery is deemed to be 100/128 of the face value of the ticket or the price notified by the Organising State in the Official Gazette, whichever is higher; 'Organising State' has the meaning in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.
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Valuation of lottery tickets set as prescribed portion of face value or notified price, whichever is higher.
Amendment to rule 31A(2) of the Tamil Nadu GST Rules, 2017: with effect from 1 March 2020 the value of supply of lottery is deemed to be 100/128 of the face value of the ticket or the price notified by the Organising State in the Official Gazette, whichever is higher; "Organising State" has the meaning in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010.
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