https://www.taxtmi.com/notifications?id=23159 The amendment inserts sub rule (7C) permitting a distributor or selling agent of lottery services to opt to pay a prescribed lump sum amount per specified aggregate face value of tickets for a draw instead of service tax at the rate under section 66; two rate tiers are prescribed based on the lottery's guaranteed prize payout, online lotteries use aggregate tickets sold, and the annual option must be exercised within one month of the financial year's start and is irrevocable for that year. en-us Fri, 08 Oct 2010 00:00:00 +0530 Wed, 11 Jan 2012 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23159 The amendment inserts sub rule (7C) permitting a distributor or selling agent of lottery services to opt to pay a prescribed lump sum amount per specified aggregate face value of tickets for a draw instead of service tax at the rate under section 66; two rate tiers are prescribed based on the lottery's guaranteed prize payout, online lotteries use aggregate tickets sold, and the annual option must be exercised within one month of the financial year's start and is irrevocable for that year. Notifications Service Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23159