https://www.taxtmi.com/manuals?id=1557 Distributors or selling agents may either pay ad valorem service tax on the gross amount under section 66B or elect the composite amount of tax under the Service Tax Rules. The composite scheme prescribes fixed charges per aggregate face value of lottery tickets for each draw, with different rates depending on whether the guaranteed prize payout is above or below an 80% threshold. For online lotteries, aggregate face value means the value of tickets sold; "draw" and "online lottery" follow definitions in the Lottery (Regulation) Rules, 2010. en-us Fri, 22 Jul 2016 18:40:00 +0530 Wed, 27 Jul 2016 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1557 Distributors or selling agents may either pay ad valorem service tax on the gross amount under section 66B or elect the composite amount of tax under the Service Tax Rules. The composite scheme prescribes fixed charges per aggregate face value of lottery tickets for each draw, with different rates depending on whether the guaranteed prize payout is above or below an 80% threshold. For online lotteries, aggregate face value means the value of tickets sold; "draw" and "online lottery" follow definitions in the Lottery (Regulation) Rules, 2010. Manuals Service Tax Fri, 22 Jul 2016 18:40:00 +0530 https://www.taxtmi.com/manuals?id=1557