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<h1>GST treatment of state-run lotteries: taxability under Schedule provisions and deemed valuation based on ticket face value.</h1> Goods comprising state-run lotteries are subject to GST under Schedule 2 at the rate indicated in the document, applicable up to 21-09-2025. Notification No. 1/2020 amended valuation and definitions, earlier deeming the value of supply under subsection (5) of section 15 of the CGST Act to be 100/112 of the ticket face value or the price notified by the organising state, and defining 'lottery run by State Governments' as a lottery not allowed to be sold outside the organising state with 'organising state' as per the Lotteries (Regulation) Rules, 2010.