https://www.taxtmi.com/manuals?id=1983 Rule 31A prescribes valuation for GST of lotteries, betting, gambling and horse racing by deeming taxable value to be the higher of a prescribed fraction of the ticket face value or of the price notified in the Official Gazette by the organising State; actionable claims in race clubs are valued at the full face value of the bet or the amount paid into the totalisator. The rule provides definitions distinguishing lotteries run by the organising State and those authorised for sale elsewhere to determine the applicable valuation formula. en-us Fri, 17 Feb 2023 10:20:00 +0530 Thu, 09 Oct 2025 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1983 Rule 31A prescribes valuation for GST of lotteries, betting, gambling and horse racing by deeming taxable value to be the higher of a prescribed fraction of the ticket face value or of the price notified in the Official Gazette by the organising State; actionable claims in race clubs are valued at the full face value of the bet or the amount paid into the totalisator. The rule provides definitions distinguishing lotteries run by the organising State and those authorised for sale elsewhere to determine the applicable valuation formula. Manuals GST Fri, 17 Feb 2023 10:20:00 +0530 https://www.taxtmi.com/manuals?id=1983