Value of supply of lottery set as a prescribed fraction of ticket face value, higher notified price prevails. The amendment to rule 31A(2) deems the value of supply of lottery to be a specified fraction of the ticket's face value or the price notified in the Official Gazette by the Organising State, whichever is higher, and adopts the term 'Organising State' as defined in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010; it is effective from 1 March 2020.
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Value of supply of lottery set as a prescribed fraction of ticket face value, higher notified price prevails.
The amendment to rule 31A(2) deems the value of supply of lottery to be a specified fraction of the ticket's face value or the price notified in the Official Gazette by the Organising State, whichever is higher, and adopts the term "Organising State" as defined in clause (f) of sub rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010; it is effective from 1 March 2020.
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