Notification No. 08/2020
Date: March 2, 2020
Subject: Valuation of supply of lottery under CGST Rules
Description:
Amends rule 31A of the CGST Rules, 2017 to prescribe a new method for valuation of lottery supplies. Deems the value as 100/128 of the face value or notified price, whichever is higher. Standardises valuation across organising States.
Effective Date: 01.03.2020