Value of supply in case of lottery, betting, gambling and horse racing.

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....termined in the manner provided hereinafter. 2[(2) The value of supply of lottery shall be deemed to be 100/3[140] of the face value of ticket or of the price as notified in the Official Gazette by the Organising State, whichever is higher. Explanation:- For the purposes of this sub-rule, the expression "Organising State" has the same meaning as assigned to it in clause (f) of sub-rule (1) of ru....

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.... deemed to be 100/128 of the face value of ticket or of the price as notified in the Official Gazette by the organising State, whichever is higher. Explanation:- For the purposes of this sub-rule, the expressions- (a) "lottery run by State Governments" means a lottery not allowed to be sold in any State other than the organizing State; (b) "lottery authorised by State Governments" means a lo....