Mizoram GST Amendment 2020: Rule 31A Revised for Lottery Valuation at 100/128 of Face Value or Notified Price.

The Mizoram Goods and Services Tax (Second Amendment) Rules, 2020, effective from March 1, 2020, amends the Mizoram Goods and Services Tax Rules, 2017. The amendment modifies rule 31A, sub-rule (2), regarding the valuation of lottery supplies. The new rule sets the value of a lottery supply at 100/128 of the ticket's face value or the price notified by the Organising State in the Official Gazette, whichever is higher. This amendment was issued by the Governor of Mizoram under the authority of the Mizoram Goods and Services Tax Act, 2017, and was recommended by the Council.

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