Lottery valuation under GST adjusted to a prescribed portion of ticket face value or notified price, whichever is higher. The amendment substitutes rule 31A(2) of the Jharkhand GST Rules to deem the value of supply of lottery to be 100/128 of the ticket face value or the price notified by the Organising State, whichever is higher, and preserves the definition of 'Organising State' as in the Lotteries (Regulation) Rules, 2010.
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Lottery valuation under GST adjusted to a prescribed portion of ticket face value or notified price, whichever is higher.
The amendment substitutes rule 31A(2) of the Jharkhand GST Rules to deem the value of supply of lottery to be 100/128 of the ticket face value or the price notified by the Organising State, whichever is higher, and preserves the definition of "Organising State" as in the Lotteries (Regulation) Rules, 2010.
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