As per Rule 31A of CGST Rules, 2017, what shall be the value of supply in case of lottery run by the state government :
CS Executive · Tax Laws · PYQS · June 2022
As per Rule 31A of CGST Rules, 2017, what shall be the value of supply in case of lottery run by the state government :
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: The value of supply of lottery shall be deemed to be 100/128 of the face value of ticket or of the prices as notified in the Official Gazette by the Organising State, whichever is higher.
Topics: GST
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