Notification No. 08/2020
Date: March 1, 2020
Subject: Amendment to CGST Rules to prescribe valuation mechanism for lottery
Description:
This notification introduces the CGST (Second Amendment) Rules, 2020 and amends rule 31A to prescribe the value of supply of lottery as 100/128 of the face value of the ticket or notified price, whichever is higher. The amendment ensures uniform valuation and taxation of lottery supplies under GST.
Amendment:
This notification amends notification No. 3/2017
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