Rajasthan State Government runs a Lottery "Dhan Varsha" draw of which to be made on Diwali, 2021. The tickets having face value of ₹100 each were supplied to agents for ₹95 each whereas the price as notified in the offic
CS Executive · Tax Laws · PYQS · December 2021
Rajasthan State Government runs a Lottery "Dhan Varsha" draw of which to be made on Diwali, 2021. The tickets having face value of ₹100 each were supplied to agents for ₹95 each whereas the price as notified in the official Gazette of Rajasthan Government was ₹92 of each ticket. State the value of the ticket as per Rule 31A of the CGST Rules, 2017.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: GST
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